Associated Securities Corp.

Associated Securities Corp. represents that it is dedicated to being the broker/dealer of choice for elite representatives. Associated Securities Corp. was founded in 1982 with the goal of providing the highest quality, independent advice and service to their clients. While the firm claims to have a commitment to integrity and excellence and to adhere to the rigorous ethical standards required of financial services professionals, the firm recently was found liable to investors for more than $8 million in damages as a result of improper sales of hedge funds by one of its registered representatives.

Associated Securities Ordered to Pay Customers $8.9 Million

A FINRA arbitration panel ordered Associated Securities Corp. to pay a group of investors $8.9 million to compensate them for damages that they suffered as a result of Associated’s sales of a managed options fund. The claims involved allegations that an Associated Securities broker misrepresented the risky investment as one that would provide his clients with safety and liquidity. The FINRA panel also found that Associated Securities failed to supervise its broker properly.

Associated Securities Ordered to Pay Customer $371,000

A FINRA arbitration panel ordered Associated Securities Corp. to pay an investor $371,000 to compensate him for damages that he suffered as a result of Associated’s sales certain risky technology and biotechnology. Among other things, the investors accused Associated Securities and its broker of breach of contracts, churning, fraud, and failure to supervise.

If you suffered investments losses, please contact us or communicate with a Dimond Kaplan & Rothstein, P.A. attorney at 888-578-6255 or for a free case evaluation.

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Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182