Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Sun’s Brothers Securities Inc.. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Sun’s Brothers Securities is a broker-dealer that provides non-discretionary brokerage services, executing client-directed trades in stocks, corporate, government, and municipal bonds, mutual funds, ETFs, options, and cash alternatives for individuals, families, trusts, estates, charities, and corporations. Incorporated in Hawaii in 2002 and individually owned, the firm is based in the Hawaii Kai area of Honolulu.
Sun’s Brothers Securities Inc. – By the Numbers:
- CRD #: 123531
- Regulatory Events: 3
- Broker Employees: 1
Sun’s Brothers Securities Inc. – In the News:
FINRA v. Sun’s Brothers Securities Inc. (Case #2021069307801) – From September 2019 to the present, Sun’s Brothers failed to develop and implement an Anti-Money Laundering (AML) compliance program reasonably designed to achieve compliance with the requirements of the Bank Secrecy Act (BSA) and its implementing regulations. During this period, the firm failed to establish and implement policies and procedures that could be reasonably expected to detect and cause the reporting of suspicious transactions. As a result, Sun’s Brothers violated FINRA Rules 3310(a) and (f)(ii) and 2010. In addition, from September 2019 to November 2022, the firm failed to implement a reasonable Customer Identification Program (CIP) to verify the identity of each retail customer, as required under the BSA and its implementing regulations. During this period, the firm also failed to develop risk profiles for retail customer accounts. As a result, Sun’s Brothers violated FINRA Rules 3310(b) and (f)(i) and 2010. Sun’s Brothers also violated FINRA Rules 3310(c) and 2010 by failing to conduct independent tests of its AML compliance program for the calendar years 2020 through 2021. Additionally, Sun’s Brothers violated FINRA Rules 3310(e) and 2010 by failing to provide ongoing AML training for its associated persons from September 2019 to October 2022.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.