Securities Lawyers Blog
The attorneys at Gana Weinstein LLP represent clients of financial advisors and brokerage firms in investment disputes against their firms, such as Univest Securities, LLC. Our services cover a wide spectrum of broker misconduct, including unsuitable investments, failure to supervise, and losses in various investment products. Our firm can analyze your brokerage accounts, determine the extent of your investment losses, and understand the issues and remedies available.
Univest Securities is an investment banking and brokerage firm that focuses on capital markets transactions such as IPOs, follow-on offerings, PIPEs and private placements, along with private equity and advisory services for growth companies. Headquartered at Rockefeller Plaza in New York City, the firm serves issuers in the United States and Asia and has ranked among the most active placement agents in United States PIPE and private placement league tables.
Univest Securities, LLC – By the Numbers:
- CRD #: 36105
- Regulatory Events: 2
- Broker Employees: 17
Univest Securities, LLC – In the News:
FINRA v. Univest Securities, LLC (Case #2014039343301) – From January 1, 2012 through November 30, 2014, Univest failed to develop and implement an anti-money laundering (“AML”) program reasonably designed to achieve and monitor compliance with the Bank Secrecy Act and its implementing regulations. Specifically, Univest failed to identify, investigate, and respond to red flags of potentially suspicious activities involving the deposit and liquidation of millions of shares of low-priced securities. During that period, Univest accepted several new customers, many located in foreign jurisdictions considered to present heightened AML risks, who collectively sold more than 14 million shares of low-priced stocks. By reason of the foregoing, Univest violated FINRA Rules 3310(a) and 2010.
Elder financial abuse and exploitation of elderly investors are among the claims our firm pursues most vigorously. If you or a family member suffered investment losses because of a financial advisor at Univest Securities, LLC, the attorneys at Gana Weinstein LLP are available for a free consultation.