Houlihan Capital – Investor Alert – UPDATED
UPDATE 12/19/16: Houlihan Capital was censured and fined $25,000, $5,000 of which is joint and several with Andrew Smith. Smith was also suspended by FINRA for 10 Business Days. Allegedly, the firm and Smith participated in the offering of a private placement for a company seeking to raise $5 million through the sale of subordinated convertible promissory notes. FINRA alleged that the firm and Smith, acting as its president, chief compliance officer (CCO), and part owner, created and disseminated written materials that failed to comply with FINRA-required standards for communications with the public.
Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with Houlihan Capital. If you suffered losses investing with Houlihan Capital, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Houlihan Capital (CRD# 156028) (SEC# 68762)
As of December 19, 2016, Houlihan Capital’s FINRA BrokerCheck Report contains the following:
2 Regulatory Event Disclosures
0 Civil Event Disclosures
0 Arbitration Disclosures
0 Bond Disclosures
Main Office Location
500 W. MADISON STREET, SUITE 2600
CHICAGO, IL 60661
Mailing Address
500 W. MADISON STREET, SUITE 2600
CHICAGO, IL 60661
Business Telephone Number
312-450-8600
Direct Owners and Executive Officers
HOULIHAN CAPITAL HOLDINGS OWNER
SMITH, ANDREW DAVID (CRD#:2433015) CCO
FINRA requires brokerage firms 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. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Houlihan Capital and would like a free consultation with a securities attorney, then please call Galvin Legal at 1-800-405-5117.
Galvin Legal is a national securities arbitration, mediation, fraud, and investor protection law practice. For more information on Galvin Legal, please visit www.galvinlegal.com or call 1-800-405-5117.
