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Securities America Inc. Investment Attorney

Our law firm represents investors that have been mistreated by their financial advisors and brokerage firms, such as Securities America Inc. (Securities America). Many investors do not realize when their brokers engage in securities misconduct. Securities related misconduct falls under many different categories including breach of fiduciary duty, unsuitable asset allocation, false representations, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct in the handling of your account.

Securities America is a part of Ladenburg Thalmann Financial Services, (NYSE: LTS), is a diversified financial services company with two primary business lines of independent brokerage and advisory and investment banking and capital markets. The company offers investment banking, equity research, institutional sales and trading, independent brokerage and advisory services, asset management services and trust services through a number of subsidiaries. Ladenburg has over 2,700 financial advisors with approximately $75 billion in client assets.

Securities America Inc. is affiliated with, under common control, or otherwise performs business under the company names Securities America Financial Services, Securities America Advisors, Inc., Ladenburg Thalmann Financial Services, Ladenburg Thalmann & Co. Inc., Investacorp, Inc., Triad Advisors, Inc., and Premier Trust, Inc.

Securities America – By the Numbers:

  • CRD# 10205
  • SEC# 8-26602
  • 38 Regulatory Events
  • 25 Customer Complaints
  • Number of Offices: 1,200
  • Total Revenues: $400 million - 2012
  • Total Client Assets: $47 billion
  • Clients: 380,000
  • Representatives: 1,800

Securities America – In the News:

NASD v. Securities America, Inc.. – The NASD fined Securities America $2.5 million concerning allegations that the firm failed to adequately supervise a broker who lured long-term employees of Exxon Corporation into retiring prematurely with unreasonable and exaggerated promises of high returns from reinvested funds from their company retirement plans. The NASD also ordered Securities America to pay $13.8 million in restitution to 32 former Exxon employees. Securities America also agreed to hire a consultant who will conduct a comprehensive review of the firm's seminar presentations, advertising, and systems and procedures relating to retirement planning and investment recommendations for retirees as part of the settlement.

FINRA v. Securities America, Inc.. – FINRA fined Securities America Inc. $100,000 concerning allegations of e-mail violations. Securities America also agreed to review, test and certify that its supervisory systems have been fixed. FINRA alleged that violations concerned a series of e-mails sent by three registered representatives containing misleading statements about the safety and liquidity of two troubled private placements. FINRA charged that from October 2007 through August 2008, Securities America's email-monitoring system failed to capture messages sent by the brokers that repeatedly used words and phrases such as "completely liquid," "safe," "safety" and "guaranteed."

The attorneys of Gana Weinstein 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.

Client Reviews
Thank you Adam and all your colleagues for the professionalism and diligence in the final settlement of our securities fraud case. When a past law firm group turned our case down, you and your firm took on the case and we thank you for the great outcome. We would highly recommend your firm. Gloria K.
I will never forget how much you helped me by winning my case! I never thought I would see any money from my investment. I admire the way you fight for everyday people against big companies. Thank you so much! Myra W.
Adam is an outstanding lawyer. I have worked on several cases with Adam and look forward to working with him again in the future. Rob D. - Co-Counsel.
If you want an attorney that is easy to talk to and genuinely cares about your legal situation, contact Adam Gana. He helped me settle a difficult contract dispute. When you work with Adam, he makes you feel as if you are his top priority. He will call you regularly to stay on top of the situation and submits all necessary legal documentation in a timely manner. His writing is excellent, his demeanor professional, and his work exceptional. Nancy N.
Adam helped me recover money from my broker when I thought all was lost. My house was about to be foreclosed, and I lost everything. Adam came in and saved my life. Jean C.