Securities Lawyers Blog
Is a brokerage firm responsible for broker misconduct? Under FINRA rules, a firm such as Clear Street LLC must supervise the financial advisors it registers, and it can be held liable in FINRA arbitration when a broker’s unsuitable recommendations, unauthorized trading, or misrepresentations cause investment losses. The broker misconduct attorneys at Gana Weinstein LLP bring these claims on behalf of investors and can evaluate whether a firm failed to supervise your broker.
Clear Street is a broker-dealer that operates a cloud-native clearing and custody platform, offering clearing and settlement, prime brokerage, securities financing, execution, investment banking and active trading services to hedge funds, traders, family offices and other broker-dealers. Founded in 2018 and headquartered at 4 World Trade Center in New York City, the firm has expanded into the United Kingdom and the Asia-Pacific region.
Clear Street LLC – By the Numbers: