{"id":2919,"date":"2015-09-24T00:00:00","date_gmt":"2015-09-24T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/finra-cancels-global-arena-capitals-license\/"},"modified":"2018-10-08T12:41:08","modified_gmt":"2018-10-08T16:41:08","slug":"finra-cancels-global-arena-capitals-license","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-cancels-global-arena-capitals-license\/","title":{"rendered":"FINRA Cancels Global Arena Capital\u2019s License"},"content":{"rendered":"<p><h2><a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Cancels-Global-Arena-Capital\u2019s-License.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1952\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Cancels-Global-Arena-Capital\u2019s-License-1024x682.jpg\" alt=\"FINRA Cancels Global Arena Capital\u2019s License on silerlaw.com\" width=\"530\" height=\"353\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Cancels-Global-Arena-Capital\u2019s-License-1024x682.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/FINRA-Cancels-Global-Arena-Capital\u2019s-License-300x200.jpg 300w\" sizes=\"auto, (max-width: 530px) 100vw, 530px\" \/><\/a><\/h2>\n<h2>Cancellation is a direct result of alleged failure to pay fees<\/h2>\n<\/p>\n<p>Global Arena Capital, a New York firm founded in 1985, was stripped of its license by FINRA on July 20. The license cancellation resulted from the firm\u2019s failure to pay outstanding fees of nearly $50,000 to FINRA, but its previous disclosures in the past several years, specifically in dealing with senior investors, may have negatively impacted the firm\u2019s ultimate fate.<\/p>\n<p>The firm\u2019s bad blood with senior investors was first revealed in July 2014, when a complaint was filed because representatives of the firm allegedly deceived and misled a senior investor by falsely promising high rates of return on a risky investment that they represented as a safe investment. <a href=\"https:\/\/brokercheck.finra.org\/\"  target=\"_blank\">According to FINRA<\/a>, the bonds the representatives sold the investor were \u201cjunk bonds,\u201d which are known to be particularly high risk.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/finra-cancels-global-arena-capitals-license\/\"  title=\"Continue Reading FINRA Cancels Global Arena Capital\u2019s License\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cancellation is a direct result of alleged failure to pay fees Global Arena Capital, a New York firm founded in 1985, was stripped of its license by FINRA on July 20. The license cancellation resulted from the firm\u2019s failure to pay outstanding fees of nearly $50,000 to FINRA, but its previous disclosures in the past [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602],"tags":[466],"class_list":["post-2919","post","type-post","status-publish","format-standard","hentry","category-class-action","tag-finra-cancels-global-arena-capitals-license"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Cancels Global Arena Capital\u2019s License &#8212; Securities Arbitration Lawyers Blog &#8212; September 24, 2015<\/title>\n<meta name=\"description\" content=\"To know more check out the new article on FINRA Cancels Global Arena Capital\u2019s License on silerlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-cancels-global-arena-capitals-license\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Cancels Global Arena Capital\u2019s License &#8212; 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