Girard Securities, Inc.
Gana LLP represents individual and institutional investors who are the victims of broker malfeasance. Many investors do not realize when their brokerage firms and financial advisors take advantage of their hard earned savings. There are many different categories of securities related misconduct, including: unsuitable asset allocation, breach of fiduciary duty, false representations, and churning. Gana LLP’s investment attorneys can analyze your portfolio and uncover potential wrong doing in the handling of your investments.
Established in 1986, Girard Securities, Inc. (Girard), is a broker dealer with approximately 125 offices, and a home office in San Diego, California. Girard’s business includes: corporate debt securities, underwriting, equity securities, mutual funds, U.S. Government securities, municipal securities, variable life insurance, options, and investment advisory services.
On August 13, 2014, it was announced that RCS Capital Corporation ("RCAP") (NYSE: RCAP) that it entered into an agreement to purchase Girard. With the Girard acquisition together with the recently announced purchase of VSR Group, Inc. (VSR Group), RCAP will include over 9,700 retail advisors in its network. Along with the recent acquisitions of Investors Capital, J.P. Turner and Company, The Legend Group, and Summit Brokerage Services, the Cetera Financial Group is now one of the largest broker dealer networks in the United States.Girard Securities, Inc. – By the Numbers:
- CRD#: 18697
- SEC# 8-36920
- Number of Representatives: 365 as of 2013
- Total Revenues: $48,017,577 as of 2013
- Total Account Assets: $10,105,453,586 as of 2013
- 1 Regulatory Event
FINRA v. Girard Securities, Inc., Case No. 2012033033901 through a letter of acceptance, waiver and consent, Girard paid a $15,000 fine to settle FINRA charges. FINRA alleged that Girard violated both NASD and FINRA rules by failing to establish and maintain systems and procedures, including written procedures, reasonably designed to prevent fraudulent third party wire transfers. The lapse in compliance allowed hackers to submit fraudulent wire transfer requests and steal from customers accounts.
The securities litigation attorneys of Gana LLP have successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.