Four Points Capital Partners, LLC
The securities attorneys at Gana LLP represent customers in their disputes with brokerage firms, such as Four Points Capital Partners, LLC (Four Points Capital). Our firm can analyze your accounts and investments in order to determine if there was any wrongdoing in the handling of your accounts. Our analysis can reveal whether an investor has been a victim of misconduct including unsuitable investments, unauthorized trading, excessive trading, or fraud.
Four Points Capital Partners LLC is an independent broker dealer that offers a variety of products such as investment products, retirement and life-event planning, and credit management. The firm is affiliated with Four Points Advisors, LLC, with whom both are under common ownership by 5M Holdings, LLC.
Four Points Capital - By the Numbers:
- CRD #: 43149
- SEC #: 50162
- Regulatory Events: 1
- Customer Complaints: 0
- Employees: 24
Four Points Capital - In the News:
Office of the Montana State Auditor, Commissioner of Securities and Insurance v. Four Points Capital LLC (Case #: SEC-2014-157) - Four Points Capital was fined $5,000 with an included restitution of $61,348.13 due to their alleged lack of supervision. Allegedly, the firm failed to have any mandatory written supervisory policies and procedures. The supervision was heightened in order to ensure proper supervision over the registered representative during the supervision period.
Under FINRA Rule 3010, a brokerage firm owes a duty to all of its customers to properly monitor and supervise its employees. The rule states that “[e]ach member shall establish and maintain a system to supervise the activities of each registered representative…that is reasonably designed to achieve compliance with applicable securities laws and regulations…”
The duty to supervise is a critical component of the securities regulatory scheme. Regulatory authorities such as the SEC and FINRA have steadily heightened the supervisory obligations of brokerage firms in recent years. A supervisor cannot ignore or disregard red flags and must act decisively to detect and prevent improper activity.