Cadaret Grant & Co. Inc. Investment Attorney
We represent clients of financial advisors and brokerage firms in investment related disputes against their firms, such as Cadaret Grant & Co. Inc. (Cadaret Grant). Our services cover a wide spectrum of of investment related misconduct including suitability, failure to supervise, and various investment products. Our firm can analyze your brokerage accounts, determine the extent of the client’s financial losses, and understand the issues and remedies available.
Cadaret Grant advertises itself as a privately owned broker-dealer with no shareholders or parent companies looking over our shoulder. The firm’s business philosophy is stated as independent thinking. The firm advertises that its advisors are free to run their business their own way and can choose what products to sell.
Cadaret Grant is affiliated with, under common control, or otherwise performs business under the company names BNL Securities Inc.
Cadaret Grant – By the Numbers:
- CRD# 10641
- SEC# 8-27844
- 6 Regulatory Events
- 5 Customer Complaints
- Total Revenues: $137 million – 2012
- Total Account Assets: $20.5 billion – 2012
- Number of Retail Offices: 501
- Number of Investment Accounts: 326,623 - 2012
- Representatives: 977 - 2012
Cadaret Grant – In the News:
FINRA v. Cadaret Grant & Co., Inc., AWC No. 2008015475201 – FINRA fined Cadaret Grant $200,000 concerning allegations that the firm, acting through one of its then registered representatives, recommended 19 unsuitable variable annuity transactions to 13 elderly customers between May 2006 and September 2008. FINRA alleged that the firm failed to adequately supervise the broker by not responding to red flags that the broker was engaging in unsuitable recommendations involving variable annuity riders. FINRA also alleged that Cadaret Grant also had inadequate systems and procedures in place to supervise its variable annuity business. FINRA also found that the firm failed to enforce its rules surrounding the use of personal email accounts to conduct firm business.
FINRA v. Cadaret Grant & Co., Inc., AWC No. 2008015701101 – FINRA fined Cadaret Grant $125,000 concerning allegations that the firm, between September 2006 and June 2008 failed to establish an effective supervisory system and written supervisory procedures reasonably designed to ensure that customers received appropriate "breakpoints" and "rollover and exchange" discounts on eligible Unit Investment Trust (UIT) purchases. FINRA found that due to this failure, Cadaret violated NASD Rules 3010 and 2110 and Cadaret failed to apply sales charge discounts to customers' eligible UIT purchases.
Our attorneys has successfully represented hundreds of investors in their broker disputes with their advisor firms. Our consultations are free and we welcome all inquiries.