TGP Securities Fined $10,000 for Failing to Supervise Private Securities Transactions

We are currently investigating allegations made against TGP Securities, a Summit, New Jersey-based securities brokerage firm.  FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against the firm, alleging that it failed to supervise two representatives’ sales of private securities offerings through the representatives’ own investment advisory firm.

To settle these allegations, TGP Securities agreed to pay a fine of $10,000.

Brokerage firms like TGP Securities have a duty to reasonably supervise their representatives.  Moreover, firms must supervise the activities of registered representatives who engage in investment advisory activities away from the firm.  If the firm fails to do so, it could be responsible for losses suffered by the investor.

Click to view:  TGP Securities FINRA AWC

If you have lost money with TGP Securities, and want to hear about all legal options, please visit https://www.israelsneuman.com or call us at (720) 599-3505.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.