Articles Tagged with Supervisory Violations

Iorio Altamirano LLP is investigating The GMS Group LLC (“GMS”) after the firm was censured and fined $90,000 for charging unfair and unreasonable prices to customers in 49 transactions involving below investment grade municipal bonds. As part of the AWC, GMS was also ordered to pay approximately $42,446 plus interest in restitution to customers.

If you have lost money with GMS, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

GMS and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on February 5, 2021, over the following findings:

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