Securities Lawyers Blog
A FINRA disciplinary action against a brokerage firm resolves the regulator’s case, not the customers’ losses. Investors who held accounts at Walton Re Securities, LLC during the periods covered by the actions below may have claims of their own. The securities arbitration attorneys at Gana Weinstein LLP represent investors in FINRA arbitration against brokerage firms and can review your accounts, free of charge, to tell you whether the conduct FINRA described affected you.
Walton RE Securities is a wholesale broker-dealer that markets private placements of real estate and land investments, many sponsored by affiliated Walton companies, to registered investment advisers, financial institutions, and accredited investors. Formed in Delaware in 2014 and headquartered in Scottsdale, Arizona, the firm is a subsidiary of Walton Global, a land investment and development company founded in 1979 with offices across North America and Asia.
Walton Re Securities, LLC – By the Numbers:
- CRD #: 172024
- Regulatory Events: 1
- Broker Employees: 11
Walton Re Securities, LLC – In the News:
FINRA v. Walton Re Securities, LLC (Case #2021071586901) – At various times from March 2020 through December 2020, Walton conducted a securities business by soliciting private placement sales while below its net capital requirement. Also, during this time period, the firm did not properly accrue expenses from an expense sharing agreement, filed an inaccurate FOCUS report, and maintained inaccurate books and records. In addition, the firm failed to provide required notifications to FINRA regarding its net capital levels on two occasions during the relevant period. As a result of the foregoing, Walton violated Sections 15(c) and 17(a) of the Securities Exchange Act of 1934 (“Exchange Act”), Rules 15c3-1, 17a-3, 17a-5, and 17a-11 promulgated thereunder, and FINRA Rules 4110, 4511 and 2010.
FINRA arbitration is faster and less formal than court, and most claims against brokerage firms such as Walton Re Securities, LLC are resolved there. The securities arbitration attorneys at Gana Weinstein LLP can explain how to file a FINRA claim and what to expect. Our consultations are free and we welcome all inquiries.