Revere Securities: Regulatory History Overview
The White Law Group is investigating the regulatory history of Revere Securities LLC (CRD#: 14178), a brokerage firm headquartered in New York, New York. According to FINRA BrokerCheck, the firm has been the subject of multiple regulatory actions brought by FINRA and the SEC, including fines and sanctions for mismarked trades, net capital deficiencies, and municipal reporting failures.
Key Regulatory Events
- April 2, 2025 – FINRA AWC (Mismarked Trades)
FINRA sanctioned Revere Securities for mismarking approximately 19,000 order tickets as unsolicited when nearly all were solicited. The firm was censured and fined $125,000 for maintaining inaccurate books and records tied to IPOs, bonds, and REIT transactions. - September 20, 2021 – SEC Cease-and-Desist (Net Capital Deficiencies)
The SEC found that Revere operated with net capital deficiencies between January 2018 and April 2019. The firm was censured, ordered to cease and desist, and fined $50,000. Its CFO was cited for negligent miscalculations that understated liabilities. - January 30, 2019 – FINRA AWC (Municipal Securities Reporting)
Revere Securities was cited for failing to accurately report municipal securities trades to the Real-Time Transaction Reporting System (RTRS). The firm also lacked adequate supervisory procedures. FINRA issued a censure and fined the firm $25,000.
Broker Misconduct
Former broker George Jeffrey Dahl (CRD#: 59820) was permanently barred by FINRA after refusing to provide testimony during an on-the-record interview. His regulatory record also includes prior sanctions, multiple customer disputes, and financial judgments.
Investor Recovery Options
Brokerage firms such as Revere Securities are legally required to supervise their brokers and comply with securities regulations. When they fail to do so, investors may be exposed to unsuitable recommendations, regulatory violations, or broker misconduct. Investors who have suffered losses may be able to recover damages through FINRA arbitration, which is often faster and more cost-effective than traditional litigation.
Contact The White Law Group
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 have concerns about investments with Revere Securities or one of its brokers, please call 888-637-5510 for a free consultation with a securities attorney.
For more information, visit www.whitesecuritieslaw.com.
Frequently Asked Questions (FAQs) – Revere Securities
What does it mean when a firm is cited for mismarked trades?
Mismarking trades occurs when order tickets are inaccurately labeled, such as marking solicited trades as unsolicited. This creates inaccurate records and can mislead regulators about the nature of customer transactions.
Can investors recover losses caused by supervisory failures?
Yes. If a firm fails to properly supervise its brokers and investors suffer losses, they may be entitled to recover damages through a FINRA arbitration claim.
What happens when a broker is barred by FINRA?
When FINRA bars a broker, they are permanently prohibited from working in the securities industry or associating with any FINRA-member firm. Investors who suffered losses due to that broker’s misconduct may still pursue claims for recovery.
