Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as Wallachbeth Capital LLC. Our firm can analyze your accounts and investments in order to determine if there was any broker misconduct in the handling of your accounts. Our analysis can reveal whether an investor has been a victim of misconduct such as unsuitable investments, unauthorized trading, excessive trading, or investment fraud.
WallachBeth Capital is an agency-only broker-dealer specializing in institutional execution of equities, ETFs, and derivatives, along with electronic and outsourced trading and capital markets services such as IPOs and private placements for small and mid-sized life sciences and healthcare companies. Founded in 2008 by veteran ETF traders and specialists, the firm is based in Jersey City, New Jersey, and serves hedge funds, asset managers, and insurance companies through what it describes as the largest agency-only ETF trading desk in the industry.
Wallachbeth Capital LLC – By the Numbers:
- CRD #: 147853
- Regulatory Events: 2
- Broker Employees: 45
Wallachbeth Capital LLC – In the News:
FINRA v. Wallachbeth Capital LLC (Case #2022073306501) – Between January 2021 and April 2024, WallachBeth violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with rules prohibiting manipulative trading. For this violation, WallachBeth is censured and fined $100,000.
FINRA v. Wallachbeth Capital LLC (Case #2016048444001) – From July 1, 2015 through January 31, 2018 (the “review period”), the firm failed to establish, maintain, and enforce written policies and procedures that were reasonably designed to prevent trade-throughs of protected quotations that did not fall within an exception, in violation of Rule 611(a) of Regulation NMS (“Reg NMS”) of the Securities Exchange Act of 1934 and FINRA Rules 3110 and 2010. Specifically, the firm failed to establish procedures to ensure that it was employing intermarket sweep orders (“ISOs”) appropriately when claiming an exception to Reg NMS Rule 611(a). Additionally, from October 1, 2016 through September 30, 2017, the firm failed to use reasonable diligence to provide best execution in 57 instances when sending ISOs during this period, in violation of FINRA Rules 5310 and 2010.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.