A.G.P. / Alliance Global Partners Review: Regulatory Sanctions and Broker Misconduct
The White Law Group is investigating potential securities claims involving Alliance Global Partners.
A.G.P. / Alliance Global Partners (CRD#: 8361 / SEC#: 801-70276, 8-25132), also known as The A.I.D. Group, SES Group, and Pinzker & Associates, has faced multiple regulatory actions from the SEC, FINRA, state regulators, and exchanges. The firm’s history includes sanctions for supervisory failures, improper client charges, and violations of industry rules relating to municipal bond quotes and market making.
Regulatory Actions and Sanctions
- October 16, 2024 – SEC Proceeding (Municipal Bond Quotes & Supervision)
The Securities and Exchange Commission initiated proceedings against A.G.P. / Alliance Global Partners for publishing above-market municipal bond quotes and related supervisory failures. - May 13, 2022 – California Department of Insurance (Insurance Code Violations)
The California Department of Insurance issued a default order against the firm relating to violations of state insurance code. - April 11, 2019 – FINRA Sanction (Form 211 Filing Fees)
FINRA sanctioned the firm for improperly charging a client in connection with a Form 211 filing. - May 21, 2018 – NASDAQ Sanction (Market Maker Violations)
The NASDAQ Stock Market sanctioned A.G.P. for failing to maintain proper quoting obligations as a market maker.
Broker Misconduct and Disciplinary Actions
Several brokers formerly affiliated with A.G.P. / Alliance Global Partners have faced disciplinary actions, including:
- Michael F. Shillin (CRD#: 5927156) – Former broker and investment adviser barred by both FINRA and the SEC. Shillin has 51 disclosures, including regulatory bars, criminal charges, and numerous customer disputes involving falsified documents and misrepresentations related to pre-IPO stock sales.
Investor Claims and Supervisory Concerns
Broker-dealers such as A.G.P. / Alliance Global Partners are required to establish and enforce adequate supervisory systems to protect investors. Failures to monitor trading activity, maintain compliance with quoting obligations, or properly disclose risks can lead to significant investor harm. These violations may form the basis of FINRA arbitration claims for recovery.
Why Hire a FINRA Arbitration Lawyer
If you suffered investment losses with A.G.P. / Alliance Global Partners or one of its former representatives, you may be able to pursue a claim for recovery through FINRA arbitration.
The White Law Group has handled hundreds of investor claims against brokerage firms involving supervisory failures, improper charges, and unsuitable investment sales. Our securities attorneys can:
- Review your account statements and losses.
- Draft and file a Statement of Claim in FINRA arbitration.
- Represent you throughout the process and negotiate potential settlements.
Contact Us
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.
If you invested with A.G.P. / Alliance Global Partners and have concerns about your losses, please call (888) 637-5510 for a free consultation with a securities attorney.
For more information, visit www.whitesecuritieslaw.com.
Frequently Asked Questions (FAQs) – Alliance Global Partners
Why has A.G.P. / Alliance Global Partners faced multiple sanctions?
Regulators have cited the firm for municipal bond quoting violations, improper client charges, insurance code violations, and failures to meet market maker obligations.
What can I do if I lost money with A.G.P. or its brokers?
You may be able to file a claim through FINRA arbitration to recover your losses. An experienced securities attorney can help evaluate your options.
How does The White Law Group help investors?
Our attorneys investigate misconduct claims, pursue FINRA arbitration cases, and fight to recover damages on behalf of investors nationwide.
