A National Securities Arbitration & Investment Fraud Law Firm
BlackBook Capital, formed in 2009, is a full service broker dealer. They promote themselves as providing private and publicly-traded emerging growth companies with a range of capital formation services. Headquartered in New York City, BlackBook also has offices on Long Island. BlackBook was previously operating as Franklin Christopher Investment Bankers, Inc.
FINRA Fines and Sanctions – BlackBook Capital, LLCBlackBook Capital, LLC (CRD #123234, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000 for several violations. The firm was charging its customers a fee of $60.50 on each purchase or sale transaction in additional to or in place of a commission charge. The charge was listed as “additional fee” or miscellaneous on trade confirmations. FINRA considered this charge unreasonable and mischaracterized and was effectively an undisclosed commission. In addition, FINRA found that BlackBook failed to respond to requests by the Financial Crimes Enforcement Network to the Department of US Treasury, failed to conduct and adequate independent Anti-Money Laundering test, and failed to preserve all of its business-related emails in a non-rewriteable, non-erasable format. (FINRA Case #2011025700901)
Silver Law GroupSilver Law Group is a nationally recognized securities and investment fraud law firm with Martindale-Hubbell® Peer Review Ratings™ “AV” rated lawyers that handle all securities arbitration matters on a contingency fee basis. The Law Firm, at no cost to investors will review account activity and account statements to determine whether there was any misconduct, whether there are damages and the legal causes of action. We investigate all sales practice violations, while taking into consideration the investor’s age, investment background, and the relationship between the investor and the brokerage firm and its financial advisor. According to securities industry rules and regulations, unsuitable investment advice, securities concentration, fraudulent misrepresentations and omissions of material facts, breach of fiduciary duty, conflicts of interest, variable annuity switching are among the causes of action that may be available to investors in claims for damages against brokerage firms and their financial advisors in a securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA). We represent investors in FINRA arbitration claims on a contingency fee basis.
To learn more call us at (954) 755-4799 or Toll Free at (800) 975-4345