Securities Lawyers Blog
Gana Weinstein LLP is a securities law firm that represents investors in investment disputes with brokerage firms and financial advisors, including customers of Valdes & Moreno, Inc. Our practice covers the full range of investor claims, from unsuitable investments, margin losses, and options trading losses to breach of fiduciary duty and failure to supervise. If your financial advisor lost your money, our FINRA lawyers can determine whether the losses were the result of misconduct and whether a claim against the brokerage firm is available.
Valdes and Moreno is a broker-dealer that handles institutional and retail transactions in listed and over-the-counter equities, along with corporate, government and municipal debt, mutual funds and options. Incorporated in Missouri in 1994, the firm is based in Parkville, Missouri, and clears its customer business through Hilltop Securities.
Valdes & Moreno, Inc. – By the Numbers:
- CRD #: 37560
- Regulatory Events: 2
- Arbitration Events: 2
- Broker Employees: 7
Valdes & Moreno, Inc. – In the News:
FINRA v. Valdes & Moreno, Inc. (Case #2016048244301) – From May 2014 through May 2015, Valdes failed to establish and implement anti-money laundering (“AML”) policies, procedures, and internal controls to detect and investigate potentially suspicious activities or potential manipulative trading, in violation of FINRA Rules 3310 and 2010. During the same period, the Firm failed to conduct the required due diligence for one foreign correspondent account, in violation of FINRA Rules 3310 and 2010. For the years 2013 through 2015, Valdes failed to conduct adequate, independent annual tests of its AML compliance program, in violation of FINRA Rules 3310(c) and 2010. From July 2015 through December 2015, Valdes permitted the Firm’s Director of Research, SH, to author research reports though he had not passed the qualification examination for research analysts, and permitted him to issue nineteen research reports that lacked required disclosures or valuation methods used to determine price targets. The Firm also failed to maintain and enforce adequate written supervisory procedures related to research reports. Through this conduct, Valdes violated FINRA Rule 2241 (for conduct on and after December 24, 2015), NASD Rule 2711 (for conduct prior to December 24, 2015), NASD Rule 1050, and FINRA Rule 2010.
Brokerage firms are responsible for supervising the financial advisors they employ. If you believe a broker at Valdes & Moreno, Inc. caused your investment losses, Gana Weinstein LLP can help you evaluate a FINRA claim against the broker and the firm. Our consultations are free.