Royal Alliance Associates Inc. Investment Attorney

Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Royal Alliance Associates Inc. (Royal Alliance). Many investors do not realize when their advisors engage in securities misconduct and those that do are often hesitant to seek help. Securities related misconduct spans many issues but violates various industry rules including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.

Royal Alliance is affiliated with, under common control, or otherwise performs business under the company names Integrated Investments, Inc., Pacific Alliance Securities Corporation, and SAA Financial Inc.

Royal Alliance – By the Numbers:

  • CRD# 23131
  • SEC# 8-40218
  • 30 Regulatory Events
  • 21 Customer Complaints
  • Total Revenues: $388 million - 2012
  • Total Client Assets: $53 billion – 2013
  • Representatives: 1,918 - 2013

Royal Alliance – In the News:

In re Royal Alliance Securities, Inc., S.E.C. Release No. 59830 (Apr. 28, 2009) – The Securities and Exchange Commission (SEC) fined Royal Alliance $500,000 and disgorgement of $1 million concerning allegations that the firm failed reasonably to supervise one of its brokers with a view to preventing and detecting his violations of the federal securities laws. The SEC alleged that the broker operated a Ponzi scheme and defrauded at least 28 investors by lying about purchases and sales of securities, by misappropriating funds for his personal use, and by sending investors false statements.

In re Non-Traded REITs - The Massachusetts Secretary of the Commonwealth fined five independent brokerage firms more than $9.5 million for improperly selling non-traded REITs. The firms fined are Ameriprise Financial Services Inc.; Commonwealth Financial Network; Royal Alliance Associates, $59,000 in restitution and a $25,000 fine; Securities America, and Lincoln Financial Advisors Corp. In a statement the secretary stated that their investigation showed a pattern of impropriety in the sales of these popular but risky investments on the part of independent brokerage firms.

In re Royal Alliance Associates, Inc. - The Connecticut Banking Commissioner ordered Royal to pay an administrative penalty of $750,000. The commissioner alleged that a broker with Royal Alliance in Stamford, Connecticut recommended and sold Coyote Network Systems, Inc. (Coyote) stock to clients and that sales were incorrectly marked “unsolicited”; Royal Alliance failed to review the due diligence conducted by the broker, Royal Alliance failed to determine if the sales of Coyote securities were suitable, and Royal Alliance failed to determine whether there were conflicts of interest between Coyote and the broker.

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.

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