Great Nation Investment Corporation
The law offices of Gana LLP represents investors that have disputes with their financial advisors or brokerage firms, such as Great Nation Investment Corp . Many investors do not realize when their financial advisor engages in securities misconduct, but there are steps that can be taken to recover losses. There are many different types of securities related misconduct including breach of fiduciary duty, failure to supervise, false representations, and churning. The attorneys at Gana LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
Great Nation Investment Corp offers a variety of investment banking and brokerage services that include: church financing, trading, and mutual fund dealing. The firm is directly owned by National Concord Development Corporation, which hold majority ownership of Great Nation Investment.
Great Nation Investment Corp - By the Numbers:
- CRD #: 19981
- SEC #: 39074
- Regulatory Events: 3
- Customer Complaints: 0
- Employees: 29
Great Nation Investment Corp - In the News:
FINRA v. Great Nation Investment Corp (Case #: 2011026374802) - The firm was fined $20,000 for allegedly violating the Securities and Exchange Act of 1934, FINRA rules, and NASD rules. The firm allegedly allowing customer funds to be invested in impermissible investments such as mutual funds, bongs offered by mortgage entities, and real estate investment trusts, instead of in money market accounts represented in the prospectuses for the offering. Great Nation allegedly failed to produce and enforce an adequate supervisory system and written supervisory procedures in order to ensure that the firm sold what it was advertising in the prospectuses. The firm allegedly also failed to supervise the activity in escrow accounts, specifically in connection to with the contingent offerings in the securities, which resulted in customer investment checks to be deposited in wrong accounts. In addition, Great Nation allegedly refused to reveal commission fees that it charged its clients on various customer confirmations.
The State of Arkansas v. Great Nation Investment Corp (Case #: S-08-46-08-CO01) - The firm was fined $21,112.65 for the alleged sales of securities in excessive amounts under exemptions. Advertising prohibited by exemptions, such as print and internet advertising were allegedly being advertised. Great Nation also allegedly failed to supervise one of its agent.