August 6, 2009 Comments (2) Blog, Securities Fraud

Information regarding brokerage firm securities fraud cases.

(Last Updated On: July 17, 2015)

Although most investors have heard of the large brokerage firms like Wachovia, Wells Fargo, Morgan Stanley Smith Barney, A.G. Edwards, Banc of America, Merrill Lynch, and Goldman Sachs, there are literally thousands of smaller or lesser known brokerage firms that not everyone knows about. These firms have varying degrees of internal compliance and enforcement and varying amounts of customer securities fraud cases against them. The following is not a complete list, but does discuss many of the lesser known broker-dealers, their location, approximate number of financial advisors, and the number of arbitration/customer complaints filed against the firm:

Barry Financial Group– based in Boca Raton, Florida
Approximate # of Financial Advisors-
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Bentley-Lawrence Securities, Inc.- based in Troy, Michigan
Approximate # of Financial Advisors- 30
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 2
Boenning & Scattergood, Inc.- based in Conshohocken, Pennsylvania
Approximate # of Financial Advisors- 40
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 4
Brill Securities, Inc.- based in New York City
Approximate # of Financial Advisors- 60
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 4
Brokers Xpress, LLC– based in Chicago, Illinois
Approximate # of Financial Advisors- 150
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Chicago Investment Group, LLC– based in Chicago, Illinois
Approximate # of Financial Advisors- 120
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 4
Commonwealth Financial Network– based in Waltham, Massachusetts
Approximate # of Financial Advisors- 1,100
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 16
Coordinated Capital Securities, Inc.- based in Madison, Wisconsin
Approximate # of Financial Advisors- 90
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 2
Country Club Financial Services, Inc.- based in Shawnee Mission Parkway, Missouri
Approximate # of Financial Advisors- 35
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Dominick & Dominick, LLC– based in New York, New York
Approximate # of Financial Advisors- 40
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 20
Eaglerock Investment Strategies, Inc. (Eaglerock Advisory Group)- based in Swampscott, Massachusetts
Approximate # of Financial Advisors- 10
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Edward Jones– based in St. Louis, Missouri
Approximate # of Financial Advisors-
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 271
FFP Securities, Inc. (an Advanced Equities Company)- based in Chesterfield, Missouri
Approximate # of Financial Advisors- 260
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 15
Fintegra Financial Solutions– based in Minneapolis, Minnesota
Approximate # of Financial Advisors- 200
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
First Command Financial Services– based in Fort Worth, Texas
Approximate # of Financial Advisors- 600
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Forsyth Securities, Inc.- based in St. Louis, Missouri
Approximate # of Financial Advisors- 30
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
ING Financial Partners– based in Des Moines, Iowa
Approximate # of Financial Advisors- 2,300
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 17
Intercarolina Financial Services, Inc.- based in Greensboro, North Carolina
Approximate # of Financial Advisors- 70
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Invest Financial Corporation– based in Tampa, Florida
Approximate # of Financial Advisors- 865
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 41
J.P. Turner & Company, LLC– based in Atlanta, Georgia
Approximate # of Financial Advisors- 650
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 21
J.W. Genesis– based in Boca Raton, Florida
Approximate # of Financial Advisors-
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 24
Janney Montgomery Scott, LLC– based in Philadelphia, Pennsylvania
Approximate # of Financial Advisors- 900
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 112
K.W. Brown Investments- based in Delray Beach, Florida
Approximate # of Financial Advisors-
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 15
KMS Financial Services, Inc.- based in Seattle, Washington
Approximate # of Financial Advisors- 300
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 4
LPL Financial Services (Linsco/Private Ledger)- based in San Diego, California
Approximate # of Financial Advisors- 6,100
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 56
Medallion Investment Services– based in Severna Park, Maryland
Approximate # of Financial Advisors- 275
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 2
National Planning Corporation– based in Santa Monica, California
Approximate # of Financial Advisors- 1,250
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 5
Paulsen Investment Company, Inc.- based in Portland, Oregon
Approximate # of Financial Advisors- 125
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Perrin, Holden & Davenport Capital Corp.- based in New York City
Approximate # of Financial Advisors- 30
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Piper Jaffray & Co.- based in Minneapolis, Minnesota
Approximate # of Financial Advisors-
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 123
Raymond James Financial Services– based in St. Petersburg, Florida
Approximate # of Financial Advisors- 3,500
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 118
Saxony Securities, Inc.- based in St. Louis, Missouri
Approximate # of Financial Advisors- 150
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 1
SII Investments, Inc.- based in Appleton , Wisconsin
Approximate # of Financial Advisors- 530
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 14
Swenson Anderson Financial Group– based in Minneapolis, Minnesota
Approximate # of Financial Advisors- 200
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
Summit Brokerage Services, Inc.- based in Boca Raton, Florida
Approximate # of Financial Advisors- 150
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 5
Synergy Investment Group– based in Charlotte, North Carolina
Approximate # of Financial Advisors- 150
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 2
Trade-PMR– based in Gainesville, Florida
Approximate # of Financial Advisors- 110
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-
United Planners’ Financial Services of America– based in Scottsdale, Arizona
Approximate # of Financial Advisors- 330
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 2
United Securities Alliance, Inc.- based in Greenwood Village, Colorado
Approximate # of Financial Advisors- 350
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 4
Waddell & Reed Financial, Inc.- based in Overland Park, Kansas
Approximate # of financial advisors- 2,500
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 25
Woodbury Financial Services, Inc.- based in Woodbury, Minnesota
Approximate # of financial advisors- 1,800
Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 5

Brookstreet Securities– based in San Juan Capistrano, California

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 30

Farmers Financial Solutions- based in Agoura Hills, California

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-

Gunnallen Financial, Inc. – based in Tampa, Florida

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 15

MetLife Securities, Inc. – based in New York City

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 22

RBC Dain Rauscher- based in New York City

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 208

Southwest Securities- based in Dallas, Texas

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 45

Securities America- based in Lavista, Nebraska

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 43

B&T Securities, Inc. – based in Delray Beach, Florida

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-

Bankers Banc Capital Corporation- based in

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-

Basis Financial Corporation- based in Atlanta, Georgia

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-

Bayshore Partners, LLC- based in Fort Lauderdale, Florida

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible

securities fraud reported on firm’s CRD-

BB&T Investment Services, Inc. – based in Charlotte, North Carolina

Approximate # of financial advisors

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD- 4

Benchmark Financial Services, Inc. – based in Ocean Ridge, Florida

Approximate # of financial advisors-

Approximate # of arbitration/investor complaints regarding possible securities fraud reported on firm’s CRD-

If you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

To learn more about The White Law Group, visit http://www.whitesecuritieslaw.com.

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