Securities Lawyers Blog
The securities lawyers at Gana Weinstein LLP represent investors who have been mistreated by their brokers and suffered investment losses. Our firm is experienced in bringing claims against brokerage firms, such as Tourmaline Partners, LLC, to hold Wall Street responsible for their misconduct. When a client contacts our firm they can expect that our attorneys will have the knowledge and ability to evaluate the potential claims and analyze their trading activity for red flags of misconduct. Our consultations are designed to help provide clients with all available options.
Tourmaline Partners is an outsourced trading firm that provides global equity and derivatives execution, supplemental trading, and best execution support to hedge funds and asset managers. Founded in 2011 and headquartered in Stamford, Connecticut, the firm has offices in London and Sydney, serves more than 350 institutional investors, and received a majority investment from Copley Equity Partners in 2020.
Tourmaline Partners, LLC – By the Numbers:
- CRD #: 154492
- Regulatory Events: 3
- Broker Employees: 34
Tourmaline Partners, LLC – In the News:
FINRA v. Tourmaline Partners, LLC (Case #2021069333101) – From November 2020 to May 2021, Tourmaline Partners failed to record accurate order receipt and transmission times on certain order memoranda, in violation of Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rule 17a-3, and FINRA Rules 4511 and 2010. During the same period, Tourmaline Partners failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to supervise the accuracy of order times on its order memoranda, in violation of FINRA Rules 3110 and 2010.
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.