Securities Lawyers Blog
Alternative investment losses, REIT investment losses, DST investment losses, leveraged ETF losses, and other retirement investment losses are frequently traced to recommendations that were unsuitable for the investor. The investment loss lawyers at Gana Weinstein LLP represent customers of brokerage firms such as Silver Oak Securities, Incorporated in FINRA arbitration claims to recover losses in these products. If you are wondering whether you can sue for investment losses or recover losses from a financial advisor, our attorneys can review your accounts and give you a clear answer.
Silver Oak Securities is an independent full-service broker-dealer and registered investment adviser that operates as a hybrid RIA platform, giving independent wealth advisors back-office, compliance, and technology support. Founded in 1999 and headquartered in Jackson, Tennessee, the firm supports a growing network of advisors across several regions and has recently expanded into the Midwest.
Silver Oak Securities, Incorporated – By the Numbers:
- CRD #: 46947
- Regulatory Events: 6
- Broker Employees: 202
Silver Oak Securities, Incorporated – Investment Advisors:
- SEC #: 71178
- Assets Under Management: $2,448,325,094
- ADV Form Employee: 103
Silver Oak Securities, Incorporated – In the News:
FINRA v. Silver Oak Securities, Incorporated (Case #2022075505901) – From at least March 2021 to September 2022, Silver Oak’s supervisory system, including written supervisory procedures, was not reasonably designed to supervise the use, dissemination, and preservation of consolidated reports. Between March 1, 2021, and March 31, 2022, the firm failed to timely review over 100 consolidated reports distributed by the firm’s registered representatives during customer meetings. Additionally, Silver Oak’s WSPs failed to address the maintenance of electronic or physical copies of consolidated reports or source data used in the reports until September 2022. Finally, between March 1, 2021 and March 31, 2022, the firm failed to preserve copies of at least 91 consolidated reports. As a result, Silver Oak violated FINRA Rules 3110, 4511, and 2010, and Section 17(a) of the Securities Exchange Act of 1934 and Exchange Act Rule 17a-4(b)(4) and is censured and fined $65,000.
Gana Weinstein LLP represents investors in disputes over stock market investment losses, unsuitable investments, and failure to supervise at firms across the country, including customers of Silver Oak Securities, Incorporated. Call us for a free consultation and a candid assessment of your claim.