Garden State Securities Discloses 21 Regulatory Events

Garden State Securities Discloses 21 Regulatory Events

Garden State Securities Discloses 21 Regulatory Events 150 150 Robert Rex, Esq.

Red Bank, NJ

UPDATE June 2017-Garden State Securities reports 21 prior regulatory events on their FINRA records, including the following recent matter:

  • 4/2017-Agreed to FINRA censure and a fine of $25,000 to resolve allegations that from July 2011-June 2012 the firm failed to establish maintain and enforce a reasonably designed system and written supervisory procedures for the sale of certain non-traditional exchange traded funds ETFs).

June 16, 2015

Garden State Securities based in Red Bank, New Jersey, entered into an Order Accepting Offer of Settlement with FINRA to resolve allegations that they failed to comply with FINRA rules regarding the reporting of customer complaints and arbitrations and other violations.

The findings in Disciplinary Proceeding No. 2011025318202, include:

  • Between 2/2010-3/2012 Garden State Securities failed to timely report four arbitration settlements, an internal disciplinary action  and summary information on 46 customer complaints
  • From 7/2009-3/2012 Garden State Securities did not properly report the other business activities of 25 brokers and arbitration/litigation customer complaints for eight brokers.
  • The Wellington, FL, office violated FINRA Conduct Rule 2212 by failing to include the firm phone number and address during a telemarketing effort in September 2011.
  • Garden State Securities failed to conduct its business in observance of high standards of commercial honor and just and equitable principles of trade in violation of FINRA Rule 2010.

Garden State Securities was censured and fined $85,000.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 


Verified by MonsterInsights