Did you suffer investment losses with Cadaret Grant & Co. (f/k/a BNL Securities) (CRD# 10641) (SEC# 801-42709, 8-27844)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Cadaret Grant & Co. (f/k/a BNL Securities). If you suffered losses investing with Cadaret Grant & Co. (f/k/a BNL Securities), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of July 7, 2020, Cadaret Grant & Co. (f/k/a BNL Securities)’s FINRA BrokerCheck Report contains the following:
16 Regulatory Event Disclosures
4 Arbitration Disclosures
UPDATE 7/9/2020: Cadaret Grant & Co. (f/k/a BNL Securities) has entered into a Letter of Acceptance Waiver and Consent (“AWC”) with FINRA. According to the AWC, “In April 2012, FINRA issued an AWC (2008015475201) in which Cadaret Grant consented to findings that, among other things, the Firm failed to supervise the use of personal email accounts being used for Firm business and failed to reasonably supervise the activities of a registered representative even after becoming aware of red flags of sales practice violations. The Firm’s failure to reasonably supervise allowed the representative to continue to make unsuitable recommendations to Firm customers. Cadaret Grant consented to sanctions including a censure and a $200,000 a fine.”
Main Office Location
100 MADISON STREET
SUITE 1300
SYRACUSE, NY 13202
UNITED STATES
Mailing Address
100 MADISON STREET
SUITE 1300
SYRACUSE, NY 13202
UNITED STATES
Business Telephone Number
800-288-8601
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Cadaret Grant & Co. (f/k/a BNL Securities)’s Direct Owners and Executive Officers
AWS 4, INC., SHAREHOLDER
ARNOLD, MICHAEL EDWARD (CRD#:2082622), VICE PRESIDENT/TRADING
BENENATI, KAREN CELESTE (CRD#:3193634), EXECUTIVE DIRECTOR/HUMAN RESOURCES
COLES, MONICA ANN (CRD#:5445069), HEAD OF SUPERVISION
ELIAS JR, EUGENE HENRI (CRD#:3113124), DIRECTOR
FARRELL, DONNA MARIE (CRD#:1097235), ASSISTANT SECRETARY
HAYES, JENNIFER CATHERINE (CRD#:4542875), VICE PRESIDENT/OPERATIONS
HAYES, RICHARD W (CRD#:5084984), VICE PRESIDENT/HEAD OF DATA SOLUTIONS
JAYNES, DONALD BRUCE (CRD#:2152435), VICE PRESIDENT/COMPLIANCE
JOHNSON, ALBERT L (CRD#:2756121), CHIEF COMPLIANCE OFFICER/MANAGING DIRECTOR
KETTERER, DOUGLAS JOHN (CRD#:2050418), CHIEF EXECUTIVE OFFICER, PRESIDENT, CHAIRMAN OF THE BOARD
KNAPP, ANDREW SCOTT (CRD#:4223357), VICE PRESIDENT/FIXED INCOME
MAKOWSKI, KEVIN STANLEY (CRD#:2082613), VICE PRESIDENT/CASHIERING, ASSISTANT TREASURER
MONK, CHRISTOPHER MICHAEL (CRD#:5577604), VICE PRESIDENT/VA SALES
O’CONNOR, MICHAEL M (CRD#:7079764), CONTROLLER
SZYMANOWSKI, ANDREW MARK (CRD#:3246887), VICE PRESIDENT/HEAD OF IT INFRASTRUCTURE
TAYLOR, DONALD JOHN (CRD#:1839640), CFO, TREASURER & DIRECTOR, MANAGING DIRECTOR
TAYLOR, DONALD JOHN (CRD#:1839640), SECRETARY
TYMKIW, TRISHA LYNN (CRD#:3197368), EXECUTIVE DIRECTOR/FINANCIAL PLANNING & ANALYSIS
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Cadaret Grant & Co. (f/k/a BNL Securities) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
