Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as William Blair, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
William Blair is an investment banking, investment management, and private wealth management firm that provides advisory, capital raising, research, and trading services to corporations, institutions, and individuals. Founded in 1935 by William McCormick Blair and headquartered at 150 North Riverside Plaza in Chicago, the employee-owned firm operates more than 20 offices serving clients worldwide.
William Blair – By the Numbers:
- CRD #: 1252
- Regulatory Events: 29
- Arbitration Events: 2
- Broker Employees: 1,190
William Blair – Investment Advisors:
- SEC #: 688
- Assets Under Management: $64,284,844,374
- ADV Form Employee: 492
William Blair – In the News:
FINRA v. William Blair (Case #2016050963001) – In Matter No. 20160509630, FINRA staff reviewed the firm’s compliance with the requirement to timely report corporate debt securities to TRACE during the second and fourth quarter of 2016 in connection with its Corporate Late Trade Sweeps for those respective time periods. During the fourth quarter of 2016 the firm violated FINRA Rules 6730(a) and 2010.
FINRA v. William Blair (Case #2015045553701) – In Matter No. 20150455537, FINRA staff reviewed the firm’s compliance with Rule 611 of Regulation NMS and related supervision requirements during the period of January 1, 2015 through June 30, 2015. During the review period, the firm failed to establish, maintain, and enforce written policies and procedures reasonably designed to prevent trade-throughs of protected quotations in NMS stocks that do not fall within an applicable exception. In particular, the firm incorrectly claimed the exception for a “stopped order” under Rule 611(b)(9) on numerous occasions, in violation of Rule 611(a)(1) of Regulation NMS. The firm’s supervisory system also was not reasonably designed to achieve compliance with Rule 611, in violation of FINRA Rules 3110 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.