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 Stash Capital LLC 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.
Stash Capital is an introducing broker-dealer that executes trades for customers of the Stash investing app and its affiliated investment adviser, Stash Investments. Formed in Delaware in 2017 and based in New York City, the firm is a subsidiary of Stash Financial and clears through Apex Clearing.
Stash Capital LLC – By the Numbers:
- CRD #: 287728
- Regulatory Events: 1
- Broker Employees: 14
Stash Capital LLC – In the News:
FINRA v. Stash Capital LLC (Case #2022076038801) – Between January 2019 and June 2023, Stash Capital failed to establish and maintain a customer identification program that was reasonable in light of the size and nature of the firm’s business and customer base in violation of FINRA Rules 3310(b) and 2010. Stash Capital also failed to develop and implement an anti-money laundering compliance program reasonably designed to detect and cause the reporting of suspicious transactions in violation of FINRA Rules 3310(a), 3310(f), and 2010. During the same period, the firm also failed to develop and implement a written Identity Theft Prevention Program reasonably designed to detect, prevent, and mitigate identity theft in violation of Rule 201 of Regulation S-ID of the Securities Exchange Act of 1934 and FINRA Rule 2010. For these violations, Stash Capital is censured and fined $450,000.
The FINRA actions described above involve Stash Capital LLC itself, and investors whose losses are connected to the conduct FINRA identified may have claims against the firm. Gana Weinstein LLP offers free consultations and we welcome all inquiries.