Published On: June 18, 2015

Stoltmann Law Offices is investigating Global Arena Capital Corp for allegedly charging excessive and unfair markups/markdowns to customers from October 2010 until at least June 2013. This occurred on at least 495 corporate bond transactions, and led to markups totaling $333,083.26. FINRA rule states that corporations must buy or sell corporate bonds at a price that is fair, taking into consideration market conditions at the time. FINRA also alleged that Global Arena failed to maintain and properly enforce a supervisory system that would have made sure the firm did not charge excessive markups on corporate bonds. By not doing so, the corporation was in violation of FINRA rule. All of the transactions in question originated from Global Arena’s Melville, New York branch office. Global Arena was also charged with failing to ensure that their personnel who were in charge of conducting supervisory reviews, were aware of the minimum requirements for conducting them. If you invested money with Global Arena Capital Corp suffered financial losses, you may be able to recover some of that money. Please call us at 312-332-4200 to speak to an attorney about your options. The call is free. We sue firms such as Global Arena Capital Corp in the FINRA arbitration forum to recover losses for investors.

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