Securities Lawyers Blog
Is a brokerage firm responsible for broker misconduct? Under FINRA rules, a firm such as M1 Finance 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.
M1 Finance is an online broker-dealer that powers the M1 investing platform, offering automated portfolio investing in stocks, fractional shares and ETFs with automatic rebalancing, along with margin lending and cash management features. Founded by Brian Barnes and headquartered on LaSalle Street in Chicago, the firm clears through Apex Clearing and serves more than one million members across the United States.
M1 Finance LLC – By the Numbers: