Palm Beach Gardens, Florida
UPDATE MAY 2017-In 3/2017 FINRA fined Delaney Equity Group $40,000 and required revision to their written supervisory procedures for deficiencies related to short sales of equities for the firm’s account.
ORIGINAL POST-October 2015-
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
According to FINRA records, Delaney Equity Group , was named in an emergency court order filed by the Securities & Exchange Commission.
According to the SEC press release, the SEC required Delaney Equity to produce various documents and despite being granted several extensions, Delaney failed to provide any of the responsive documents. As a result, Delaney is violating Section 17 of the Securities Exchange Act of 1934.
If you have questions about how your account has been handled by Delaney Equity Group, call to speak with an experienced securities attorney.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900