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

April 15, 2026

Blue Owl Capital Corporation (OBDC) Investor Alert

Soreide Law Group is investigating potential investor claims involving Blue Owl Capital Corporation (NYSE: OBDC), including whether brokers and financial advisors properly explained the risks surrounding this publicly traded business development company and its related private credit platform. OBDC invests primarily in loans to middle-market companies and is often marketed as an income-generating investment. However, […]

April 15, 2026

Mark Kissinger Linked To NYLIFE Securities LLC Investor Dispute About Unsuitable Advice

Investors potentially experienced sales practice violations by securities broker Mark Perry Kissinger [CRD: 4546631, Frisco, Texas], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kissinger worked for NYLIFE Securities LLC since November 27, 2018, and Eagle Strategies LLC since March 15, 2023. Read on for a better understanding about the disclosures involving this […]

April 15, 2026

Robert Wilkinson Tied To Western International Securities Inc. Investor’s Unsuitable Advice Dispute

Investors have reportedly disputed the sales practices of securities broker Robert Steven Wilkinson [CRD: 1180321, Oakland, California], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Wilkinson worked for Western International Securities Inc. from November 26, 2013, to June 5, 2025, and later registered with LPL Financial LLC beginning June 5, […]

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