Securities Lawyers Blog
The law offices of Gana Weinstein LLP represent investors in disputes with their financial advisors or brokerage firms, such as Third Seven Capital LLC. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
Third Seven Capital is a broker-dealer that arranges private placements of securities for retail and institutional investors and also provides advisory services and market research. Organized as a Delaware limited liability company in 2011, the firm is headquartered on Avenue of the Americas in New York City and has additional office space in Palm Beach Gardens, Florida.
Third Seven Capital LLC – By the Numbers:
- CRD #: 160209
- Regulatory Events: 1
- Broker Employees: 48
Third Seven Capital LLC – In the News:
FINRA v. Third Seven Capital LLC (Case #2020065094701) – Between December 31, 2019 and March 1, 2020, TSC conducted a securities business on 34 days while it failed to maintain the minimum required net capital. As a result, TSC violated Section 15(c) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 15c3-1 thereunder, and FINRA Rules 4110(b) and 2010. The firm also failed to maintain accurate books and records concerning its aggregate indebtedness and net capital during this period, and filed an inaccurate Financial and Operational Combined Uniform Single (FOCUS) report on January 27, 2020. As a result, TSC violated Section 17(a) of the Exchange Act and Rules 17a-3 and 17a-5 thereunder, and FINRA Rules 4511 and 2010. In addition, on January 27 and February 6, 2020, TSC filed with the SEC and FINRA notices of net capital deficiency that contained material inaccuracies. As a result, TSC violated Section 17(a) of the Exchange Act and Rule 17a-11 thereunder, and FINRA Rule 2010.
Investors who believe they were the victim of broker misconduct or financial advisor negligence at Third Seven Capital LLC should act promptly, because FINRA arbitration claims are subject to time limits. Contact the securities arbitration lawyers at Gana Weinstein LLP for a free consultation.