Securities Lawyers Blog
Many investors who have lost money with a broker at Trident Partners Ltd. wonder whether they can recover their investment losses and how long they have to act. The securities arbitration attorneys at Gana Weinstein LLP represent investors in FINRA arbitration, the forum where most claims against brokerage firms and stockbrokers are decided. Our attorneys can explain the FINRA arbitration process, the time limits that apply to your claim, and the damages that may be recovered.
Trident Partners is a retail broker-dealer offering brokerage services in stocks, bonds, mutual funds, ETFs, options, certificates of deposit, unit investment trusts, variable annuities and insurance products. Founded in 1996, the firm is headquartered in Woodbury, New York, on Long Island.
Trident Partners Ltd. – By the Numbers:
- CRD #: 41258
- Regulatory Events: 5
- Arbitration Events: 4
- Broker Employees: 23
Trident Partners Ltd. – In the News:
FINRA v. Trident Partners Ltd. (Case #2012030775201) – From January 2010 through January 2012, Trident failed to establish, maintain and enforce a reasonable supervisory system and written supervisory procedures (“WSPs”) to ensure that recommendations for its sale of steepeners, a complex, structured product, were suitable. The firm had no WSPs or supervisory system specific to steepeners, had no process to evaluate and conduct due diligence on steepeners it intended to sell, and did not provide its sales force any training or guidance to evaluate the risks or suitability of the product, even as steepener sales grew to approximately 1,600 customer transactions and at least 10% of commissions generated. As a result, Trident violated NASD Conduct Rule 3010(a) and (b) and FINRA Rule 2010. Trident also permitted the recommendation of steepeners without registered representatives having a reasonable basis to make such recommendations.
If you have suffered investment losses at Trident Partners Ltd., the FINRA arbitration attorneys at Gana Weinstein LLP can review your accounts and tell you whether you have a claim. Our consultations are free and we welcome all inquiries.