Securities Lawyers Blog
The investment fraud lawyers at Gana Weinstein LLP represent investors nationwide in FINRA arbitration claims against brokerage firms such as United Capital Markets, Inc. Retirement account losses, structured product losses, private placement losses, and losses in non-traded REITs and other alternative investments are frequently the result of unsuitable recommendations rather than ordinary market risk. Our attorneys can analyze your investments, determine whether your broker or financial advisor acted improperly, and pursue recovery of your losses.
United Capital Markets is a broker-dealer that focuses on institutional trading of asset-backed securities and commercial mortgage-backed securities, and it is also approved for equity trading with limited retail business. Established in Florida in 1996, the independently owned firm is headquartered on South Bayshore Drive in Miami.
United Capital Markets, Inc. – By the Numbers:
- CRD #: 40980
- Regulatory Events: 2
- Broker Employees: 8
United Capital Markets, Inc. – In the News:
FINRA v. United Capital Markets, Inc. (Case #2019064554001) – Between January 2018 and December 2019, the firm’s supervisory system, including written supervisory procedures (WSPs), was not reasonably designed to supervise trading at the firm by a senior executive and principal in violation of FINRA Rules 3110 and 2010. In addition, between January 2018 and February 2019, UCM distributed eight retail communications to investors or potential investors that had not been subject to prior review and approval by an appropriately qualified principal. Moreover, these communications contained language that was exaggerated and which was not fair and balanced. As a result, the firm violated FINRA Rules 2210 and 2010. For these violations, UCM is censured and fined $25,000.
If you have suffered investment losses at United Capital Markets, Inc., 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.