Broker-Dealer Profiles

Legend Securities, INC. (CRD# 44952) (SEC# 8-50886)

Legend Securities, Inc., is a New York City-based brokerage firm located at 45 Broadway, 2nd Floor in New York, 10006. The firm has several satellite branches in New Jersey and on Long Island. It was formed in New York in 1998 and was registered with the Securities Exchange Commission (SEC) and the Financial Industries Regulatory Authority (FINRA) in 1998.

Legend Securities’ FINRA BrokerCheck report lists 6 final regulatory events and 1 arbitration. The report reflects a history of transmitting reports with inaccurate information and a failure to submit reports within a designated period of time. In 2014, Legend Securities consented to FINRA findings in a Acceptance, Waiver and Consent Letter (AWC) that alleged the firm incorrectly reported agency transactions as principal or riskless transactions and accepted customer orders in pre-market or post-market hours that involve material trading risks without disclosing any characteristics of the trade or any risks involved. These violations allegedly took place between January 9, 2012 and January 20, 2012.

Rockwell Global Capital (CRD# 142485) (SEC# 8-67467)

Rockwell Global Capital, LLC. is a brokerage firm located at 125 Baylis Road in Melville, NY 11747. It was formed in New York in 2005 and registered with the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in 2007.

Rockwell Global's FINRA BrokerCheck report contains five arbitration cases for which the firm paid over $500,000 in fees and restitutions. In April of 2015, Cold Spring Advisory Group secured $26,384 in damages on behalf of a Rockwell Global customer in a FINRA arbitration. The allegations of misconduct in this case included unsuitability, churning, failure to supervise, unauthorized trading, breach of fiduciary duty, breach of contract, churning, fraud and misrepresentation. In another FINRA arbitration six months earlier, a Florida-based Rockwell Global customer was awarded $187,132 in damages for violations of Florida’s Securities and Investor Protection Act, breach of fiduciary duty, common law fraud, excessive trading, breach of contract, negligence, misrepresentation and omission, and negligent supervision.

Craig Scott Capital, LLC. (CRD# 155924) (SEC# 8-68751)

Craig Scott Capital, LLC. is a brokerage firm located at 1255 RXR Plaza, 12th Floor, in Uniondale, New York 11556. It was formed in New York in 2010 and registered with the Securities Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) in 2012.

Craig Scott has 2 regulatory disclosures and one customer dispute listed on its FINRA BrokerCheck report. The regulatory events reflect two separate allegations of a failure to transmit accurate reports. Craig Scott was censured on both occasions and paid a total of $20,000 in fines. Craig Scott consented to the findings of each event but did not admit or deny the allegations.

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