Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Wellington Shields & Co., LLC. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Wellington Shields is a wealth management and investment firm that provides brokerage, investment management, investment counsel, and equity research to individual and multigenerational clients, with clearing and custody through BNY Pershing. Tracing its roots to the Wellington Company founded in 1925 and formed in 2009 through the merger of HG Wellington and Shields and Company, the firm is headquartered at 60 Broad Street in New York and serves clients in all 50 states.
Wellington Shields & Co., LLC – By the Numbers:
- CRD #: 149021
- Regulatory Events: 4
- Arbitration Events: 1
- Broker Employees: 49
Wellington Shields & Co., LLC – Investment Advisors:
- SEC #: 70755
- Assets Under Management: $545,964,414
- ADV Form Employee: 25
Wellington Shields & Co., LLC – In the News:
FINRA v. Wellington Shields & Co., LLC (Case #2016050022401) – From September 2012 through December 2016 (the “Review Period”), the Firm’s trade confirmations and blotter entries relating to trades in government agency and municipal securities inaccurately stated in 13,442 instances that the trades, which were solicited, were unsolicited. By virtue of the foregoing, Wellington violated Section 17(a) of the Securities Exchange Act of 1934 (“Exchange Act”), Rule 17a-3 promulgated thereunder, MSRB Rule G-8, and FINRA Rules 4511 and 2010.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.