Email. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. FINRA’s September 2019 Disciplinary Actions, Promissory Note Representation for Financial Advisors. This page contains information on our institutional and corporate services. View Robert's Full Org-Chart. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. This category only includes cookies that ensures basic functionalities and security features of the website. Lovers of Hate 2011. Financial Advisor Promissory Note Representation, Alpine Securities Corporation – Investor Alert – UPDATED.
This page contains information on our institutional and corporate services. Actor. Through our Corporate Services Department, we offer companies and their employees catered services designed to save you and time and money, while providing expert assistance. Chris Doubek. It appears that Alpine Securities Corporation may have violated securities laws by seemingly charging clients $5,000 a month as an “account fee”–a staggering increase over the $100 fee that clients had been paying. Phone. Phone.
FINRA demanded that the firm account for its monthly fees and the securities or funds it potentially took without authorization and without any legitimate purpose. In addition, the firm assessed the monthly account fee inconsistently and discriminatorily by waiving or reversing the fee for certain customers, simply because those customers complained or had more profitable accounts. Alpine can also help clients with accounts for Corporate Entities, LLCs, Partnerships, Trusts or Custodial Accounts. Alpine Securities Site Map Robert Tew. One of our professionals would be pleased to discuss this service with you in full detail. But opting out of some of these cookies may have an effect on your browsing experience. It is mandatory to procure user consent prior to running these cookies on your website.
2019061232601 Complaint, UPDATE 9/22/2020: According to FINRA’s September 2019 Disciplinary Actions: “Alpine Securities Corporation (CRD #14952, Salt Lake City, Utah) July 25, 2019 – The firm was named a respondent in a FINRA complaint alleging that it converted customer funds. We also use third-party cookies that help us analyze and understand how you use this website. ). SCA Clearing, LLC, is Alpine’s parent company. This avoids certain types of limitations that companies run into with their internal insider trading polices. Our team understands the importance of dealing with transfer agents of our corporate clients on a regular basis to increase efficiency and turnaround time on stock transfers, so we can release proceeds to our clients in a timely matter. 7/25/2019 3:59 PM.
Categories: Brokerage Firms, Investor Alerts Tags: Broker-Dealer, Brokerage Firm, Did you lose money investing with James Eichner (CRD# 3221851)? Information without innovation is just data.
Last Update. 21037 (April 15, 2020) (SR-NSCC-2020-802). Free downloads & security; Education; Virtual workshops and training; Gift cards; Licensing; View Sitemap; Search Search Microsoft.com. Building strong client relationships allows us to understand how to strategically employ a broad range of traditional and alternative investment strategies to our clients’ advantage.
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with James Eichner. on April 15, 2020.
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The fees caused customers to incur significant debits in their accounts, at which point the firm told its customers that it would liquidate their securities or transfer them to proprietary accounts belonging to the firm in order to satisfy the debits. In total, through these payments, the firm withdrew over $2.8 million from the firm in a four-month period. Chris Doubek.
From $2.99. The firm did not obtain FINRA’s approval for multiple payments to affiliates that exceeded 10 percent of the firm’s excess net capital. Furthermore, the complaint alleges that the firm made unauthorized capital withdrawals.
The purpose of the payments was to withdraw capital without FINRA’s approval, as part of a coordinated effort to dissipate firm assets. If you suffered losses investing with Kajo Movsesian, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial IndustryRead More, Toll-Free (800) 405-5117Atlanta (404) 882-8525Miami (305) 697-4927Facsimile (800) 405-5910, © 2020 GALVIN LEGAL, PLLCDisclaimer | Privacy PolicyAttorney AdvertisingJames P. Galvin, Esq.
We also provide custodial and safekeeping services for illiquid or restricted securities. As such, FINRA ordered the firm to restore the clients’ “abandoned” securities. SCA CLEARING LLC, SOLE SHAREHOLDER BRANT, DAVID ROBERT (CRD#:2718478), CFO/FINOP DOUBEK, CHRISTOPHER ROBERT (CRD#:1705718), CEO MURPHY, CHRISTINE ALEXANDRIA (CRD#:1510853), CCO AMLCO WALSH, JOSEPH PATRICK (CRD#:1519958), COO . From $2.99. 88615 (April 9, 2020), 85 Fed. Especially if business is better than the price reflects. EN - English; ES - Español; Sign in. Corporate stock repurchase programs, also known as stock buy backs, are simply one way for a company to make use of excess cash. In addition, the complaint alleges that the firm charged unfair prices and commissions by selling customer positions to itself for a penny per position when that price that was unfair and not reasonably related to the current market prices of the securities. It also appears that the firm charged clients unreasonable volatility and illiquidity fees. And the firm was ordered to provide a full accounting to FINRA, within ten business days of the issuance of the Order. Alpine is an industry leader at providing investment choices in listed and OTC Equity Securities, Exchange Traded Funds (ETFs) and Mutual Funds.
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