Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Sidoti & Company, LLC, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
Sidoti and Company is a FINRA-registered broker-dealer providing securities brokerage and research services. The firm was formed in Delaware in 1999.
Sidoti & Company, LLC – By the Numbers:
- CRD #: 102860
- Regulatory Events: 3
- Broker Employees: 26
Sidoti & Company, LLC – In the News:
FINRA v. Sidoti & Company, LLC (Case #2019061155401) – From March 31, 2018 through December 11, 2020, Sidoti published 2,202 research reports in which the firm failed to accurately disclose certain information required by FINRA Rule 2241(c). Specifically, Sidoti failed to disclose accurately: (1) investment banking and other compensation it received from companies in research reports covering those same companies; (2) it had acted as a co-manager for public offerings of securities issued by companies in research reports covering those same companies; and (3) the percentage of companies within each of the “buy,” “hold,” and “sell” rating categories for which the firm provided investment banking services. These disclosure issues resulted from Sidoti’s failure to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with its research disclosure obligations. By virtue of the foregoing, Sidoti violated FINRA Rules 2241(c), 3110(a), 3110(b), and 2010.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.