GWN Securities Agrees to $20K Fine with Florida Securities Regulators

GWN Securities Agrees to $20K Fine with Florida Securities Regulators

GWN Securities Agrees to $20K Fine with Florida Securities Regulators 150 150 Robert Rex, Esq.

July 2016- Palm Beach Gardens, FL

The FINRA records of GWN Securities, Inc. ,  a  stock brokerage firm whose main office is located in Palm Beach Gardens, FL , disclose a recently finalized regulatory event.

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.

To resolve allegations by the the Florida Department of Financial Regulation (FOFR) that GWN Securities failed to detect outside business activities, published non approved advertising and failed to provide required documents in branch locations, GWN entered into stipulation and consent with FOFR and agreed to pay a fine of $20,000. .

GWN Securities was formed in 1999 and is registered with the Securities and Exchange Commission, FINRA and 51 U.S. States and Territories. World Investment Network owns more than 75% of GWN Securities according to recent regulatory filings.

Another brokerage firm Money Concepts Capital Corp. shares the same address at 11440 N. Jog Road, Palm Beach Gardens, FL , with GWN Securities. Money Concepts Capital is also owned by World Investment Network. 

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.

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