FINRA Expels New York's Global Arena Capital Corp and Fines Them $1 Million Over Excessive Markups

The Soreide Law Group (888-760-6552) obtained the following information on FINRA's website under, "Disciplinary and Other FINRA Actions March 2016."

Global Arena Capital Corp (CRD® #16871, New York, New York)

was expelled from FINRA membership, fined $1 million and ordered to disgorge $333,083.26, plus interest.

FINRA's sanctions were based on findings that Global Arena Capital Corp charged customers unfair and unreasonable prices and excessive markups.

FINRA's findings stated that Global Arena Capital Corp bought and sold corporate bonds from other

broker-dealers to sell to its retail customers, charging them markups on the bonds. Global Arena Capital Corp also bought bonds from its retail customers and sold them to other broker-dealers, charging the customers markdowns.

According to the FINRA report, these transactions at issue were riskless principal transactions involving purchases and sales of the same bonds on the same day with firm clients on one or both sides of the transactions. These charges were not fair or reasonably related to the then-current market price of the security, and the prevailing market price was not determined with reference to the cost incurred or the proceeds obtained.

FINRA's findings also stated that Global Arena Capital Corp failed to establish, maintain and enforce a supervisory system, including written supervisory procedures (WSPs), regarding fair pricing of corporate bond transactions and markups and markdowns.

(FINRA Case #2011026544301)

Soreide Law Group appears before FINRA nationwide. If you have experienced financial losses due to your broker/dealer's recommendations, call and speak to a lawyer at no cost to determine the possibility of recovering your losses at: 888-760-6552.

Recent Posts

August 30, 2026

Matthew Carbray Connected To Kestra Investor Arbitration Claim Regarding Unsuitable Advice

Investors potentially experienced sales practice violations by securities broker Matthew R. Carbray [CRD: 4565811, Northampton, Massachusetts], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carbray has worked for Kestra Investment Services LLC since July 21, 2006, and Kestra Advisory Services LLC since April 19, 2016. Continue reading to learn more about Carbray’s […]

August 30, 2026

Juan Benavides Linked To Merrill Lynch Investor Complaint Regarding Failure To Execute

Investors apparently complained about securities broker Juan Pablo Benavides [CRD: 4288007, Miami, Florida], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Benavides has worked for Merrill Lynch as a securities broker since November 22, 2000, and as a financial advisor since March 15, 2004. See below to find out more about […]

August 30, 2026

Sandy Leff Involved In Carter Terry Company Inc. Investor Complaint Regarding Unsuitable Advice

Investors potentially incurred losses because of securities broker Sandy Meyer Leff [CRD: 1796695, Atlanta, Georgia], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Leff has worked for Carter Terry Company Inc. as a securities broker since October 6, 2016, and as a financial advisor since October 21, 2016. Keep reading to discover […]

Contact us Nationwide USA

2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062

Phone: 1-888-760-6552
Fax: 1-954-760-6553
Email: info@securitieslawyer.com

Helping clients recover money across the USA