New England Securities Investment Attorney
Our law firm represents investor claims against financial advisors and brokerage firms, such as New England Securities. Securities related misconduct spans many issues and topics that violate various industry standards and rules including securities fraud,unsuitable and inappropriate investment advice, and failure to properly understand new investment products. Our firm’s lawyers can analyze your account statements and investment to uncover evidence of misconduct in the sale of securities.
New England Securities Corporation is licensed in all 50 states and offers a broad range of products for institutional and individual investors. New England Securities offers a full array of products and services including mutual funds, variable insurance products, and full-service brokerage accounts.
New England Securities is affiliated with, under common control, or otherwise performs business under the company names NEL Equity Services Corporation, and MetLife Securities.
New England Securities – By the Numbers:
- CRD# 615
- SEC# 8-13910
- 9 Regulatory Events
- 11 Customer Complaints
- Revenue: $245 million – 2012
- Assets Under Management: $43.3 billion
- Representatives: 2,071 - 2012
New England Securities – In the News:
FINRA v. New England Securities, et al, – The Financial Industry Regulatory Authority (FINRA) fined New England Securities and its parent firm MetLife Securities, Inc., a total of $1.2 million for failing to establish an adequate supervisory system to review broker emails correspondence. In addition, FINRA found that New England Securities failed to adequately supervise broker participation in outside business activities and private securities transactions. According to FINRA, the supervisory failures allowed two MetLife brokers to engage in outside business activities without detection by the firm.
NASD v. New England Securities, et al, - NASD fined New England Securities and its parent firm MetLife Securities, Inc., (MSI), and Walnut Street Securities, Inc. (WSS) a total of $5 million concerning allegation of providing inaccurate and misleading information to NASD, allowing late trading of mutual funds, failing to produce e-mails in a timely fashion. The NASD found MSI, New England Securities, and WSS provided inaccurate and misleading responses despite having learned information raising questions about their accuracy.
Gana LLP has 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.