Did you suffer investment losses with Scotia Capital (USA) (CRD# 2739) (SEC# 8-3716)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Scotia Capital (USA). If you suffered losses investing with Scotia Capital (USA), 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 October 10, 2020, Scotia Capital (USA)’s FINRA BrokerCheck Report contains the following:
5 Regulatory Event Disclosures
Main Office Location
250 VESEY STREET
NEW YORK, NY 10281
UNITED STATES
Mailing Address
250 VESEY STREET
NEW YORK, NY 10281
UNITED STATES
Business Telephone Number
212-225-6500
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.
Scotia Capital (USA)’s Direct Owners and Executive Officers
SCOTIA HOLDINGS (US) INC., SOLE SHAREHOLDER
BECIL, HECTOR (CRD#:2844936), CHIEF LEGAL OFFICER
BURO, MARK P (CRD#:4822666), CHIEF FINANCIAL OFFICER AND BOARD MEMBER
CURRAN, MICHAEL JOSEPH (CRD#:4280307), CHAIR OF THE BOARD OF DIRECTORS, BOARD MEMBER, PRESIDENT & CHIEF EXECUTIVE OFFICER
KRUSE, PHILIP MICHAEL (CRD#:2434714), HEAD OF GBM US, BOARD MEMBER
MAHONEY, THOMAS JOSEPH (CRD#:2563585), CHIEF OPERATING OFFICER AND BOARD MEMBER
PECKHOLDT, KEITH EDWARD (CRD#:1271599), CHIEF OPERATIONS OFFICER
WENDELL, KAREN ANN (CRD#:1389351), CHIEF COMPLIANCE OFFICER
ZEKRAUS, ROBERT STEVEN (CRD#:2722193), BOARD MEMBER
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 Scotia Capital (USA) 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.
