Securities Lawyers Blog
A FINRA disciplinary action against a brokerage firm resolves the regulator’s case, not the customers’ losses. Investors who held accounts at The Enterprise Securities Company during the periods covered by the actions below may have claims of their own. The securities arbitration attorneys at Gana Weinstein LLP represent investors in FINRA arbitration against brokerage firms and can review your accounts, free of charge, to tell you whether the conduct FINRA described affected you.
The Enterprise Securities Company is a small broker-dealer that sells mutual funds, variable life insurance and annuities and also engages in private placements and real estate syndication. Organized in Michigan in 1990, the individually owned firm operates from a single office in Farmington Hills, Michigan.
The Enterprise Securities Company – By the Numbers:
- CRD #: 26598
- Regulatory Events: 2
- Broker Employees: 7
The Enterprise Securities Company – In the News:
FINRA v. The Enterprise Securities Company (Case #2019060698001) – Between February and June 2018, Enterprise acted as a placement agent in connection with a contingency offering of securities on behalf of an Issuer. In connection with that offering, the Firm failed to deposit the investor funds into a bank escrow account and also failed to promptly return funds to investors after the minimum contingency was not met. Through its conduct, Enterprise violated Securities Exchange Act (“SEA”) Rule 15c2-4, willfully violated SEA Rule 10b-9, and, thereby, violated FINRA Rule 2010.
Brokerage firms are responsible for supervising the financial advisors they employ. If you believe a broker at The Enterprise Securities Company caused your investment losses, Gana Weinstein LLP can help you evaluate a FINRA claim against the broker and the firm. Our consultations are free.