FINRA Alleges that Alpine Securities Corporation Converted and Misused Customer Funds
Our broker fraud lawyers are investigating allegations of misconduct involving Alpine Securities Corporation. We represent investors in claims against their brokers and broker-dealers. For a free initial consultation, please contact us today or call 866–827–3202.
Alpine Securities Corporation (CRD#: 14952/SEC#: 8–31464) is a Salt Lake City, Utah-based brokerage firm that is licensed to operate in 49 U.S. states. BrokerCheck indicates that Alpine Securities has 44 disclosures on its record — including 42 regulatory events and 1 arbitration award.
FINRA Complaint: Alpine Securities Corporation
On August 21st, 2019, the FINRA Department of Enforcement filed a complaint against Alpine Securities Corporation (Disciplinary Proceeding №2019061232601). According to this complaint, the brokerage firm was facing serious financial problems in the Summer of 2018. In response to its financial struggles, Alpine Securities Corporation allegedly took a number of different steps that were against industry rules and that put customer assets at risk. Among other things, FINRA complaint states that Alpine Securities Corporation:
● Implemented a series of exorbitant and arbitrary fees;
● Engaged in unauthorized trading; and
● Converted and misused customer assets.
In relation to this complaint, the FINRA Department of Enforcement is seeking all appropriate legal remedies — including the finding of facts and conclusions of law, immediate injunctions to prevent further abuse, payment of restitution, and any other sanctions deemed warranted.
The Sonn Law Group is investigating Alpine Securities Corporation. We are committed to advocating for the legal rights of investors nationwide. To get immediate assistance with your case, please call us at 866–827–3202 or contact us online for a free consultation.