Securities Lawyers Blog
The law offices of Gana Weinstein LLP represent investors in disputes with their financial advisors or brokerage firms, such as ViewTrade Securities, Inc. 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.
ViewTrade Securities is a broker-dealer that provides brokerage, carrying broker, order management, and trading technology services to banks, brokers, advisors, and fintech firms that offer United States market access to their own clients. Founded more than 20 years ago and headquartered in Jersey City, New Jersey, the firm partners with over 300 financial firms serving investors in more than 20 countries.
ViewTrade Securities, Inc. – By the Numbers:
- CRD #: 46987
- Regulatory Events: 18
- Arbitration Events: 1
- Broker Employees: 31
ViewTrade Securities, Inc. – In the News:
FINRA v. ViewTrade Securities, Inc. (Case #2022076186101) – Between at least January 2020 and the present, ViewTrade failed to establish, maintain, and enforce a supervisory system, including written procedures, reasonably designed to supervise the outside brokerage accounts disclosed by its registered representatives pursuant to FINRA Rule 3210. As a result, ViewTrade violated FINRA Rules 3110 and 2010.
FINRA v. ViewTrade Securities, Inc. (Case #2018058605501) – From July 2017 through at least February 2020, ViewTrade failed to establish and implement a written anti-money laundering (AML) program reasonably expected to detect and cause the reporting of suspicious transactions, in violation of FINRA Rules 3310(a) and 2010. In addition, from July 2017 through at least February 2020, ViewTrade failed to establish, document, and maintain a system of risk management controls and supervisory procedures reasonably designed to manage the financial, regulatory, and other risks presented by its provision of market access to customers. As a result, the firm violated Section 15(c)(3) of the Securities Exchange Act of 1934, Exchange Act Rule 15c3-5, and FINRA Rules 3110 and 2010.
FINRA v. ViewTrade Securities, Inc. (Case #2016051318601) – In December 2015, ViewTrade acted as the lead placement agent in a best-efforts IPO. The offering was oversubscribed. After secondary trading commenced, more than 4,000 shares were returned to the Firm through trade cancellations and returns. ViewTrade later sold the returned shares at the IPO price to certain investors who did not have unfilled orders as required. Accordingly, ViewTrade violated FINRA Rules 5131(d)(3) and 2010. In addition, the Firm failed to send confirmations to the investors who purchased shares through the IPO. As a result, the Firm violated FINRA Rules 2232 and 2010, and Rule 10b-10 of the Securities Exchange Act.
The securities fraud attorneys at Gana Weinstein LLP have represented investors throughout the country in claims against brokerage firms and stockbrokers. If you have questions about how to file FINRA arbitration against a brokerage firm such as ViewTrade Securities, Inc. or what damages you can recover, call us for a free consultation.