Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as VCS Venture Securities. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
VCS Venture Securities is a broker-dealer that provides retail securities brokerage along with private placements, placement agent and finder services, and investment banking services such as mergers and acquisitions advisory, due diligence, and capital raising for business entities. Formerly known as Primary Capital and formed in Delaware in 2000, the firm is headquartered at 29 Broadway in New York and is owned by Leo Capital Markets with a minority interest held by New Age Capital Management.
VCS Venture Securities – By the Numbers:
- CRD #: 127921
- Regulatory Events: 3
- Broker Employees: 34
VCS Venture Securities – In the News:
FINRA v. VCS Venture Securities (Case #2017053116801) – During the period December 2013 through February 2019, Primary participated in EB-5 offerings without establishing, maintaining and enforcing a supervisory system, including written supervisory procedures (WSPs), reasonably designed to supervise its EB-5 business. The firm also failed to reasonably supervise representatives’ use of EB-5 business-related websites between December 2013 and May 2017. During that period, two of Primary’s representatives (RR1 and RR2) engaged in EB-5 business through their websites, which contained content that violated FINRA’s advertising rules. As a result, Primary violated NASD Rule 3010 and FINRA Rules 3110, 2210 and 2010. Additionally, between April 2017 and February 2019, Primary failed to timely file private placement offering documents with FINRA, in violation of FINRA Rules 5123 and 2010.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.