Marked as
Last updated - January 28, 2026
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Alpine Securities Corporation, a Salt Lake City-based broker-dealer, focuses on OTC and restricted securities trading. Though registered with FINRA and SIPC, it has faced major regulatory issues, including SEC charges in 2017 and 2022 for failing to report suspicious activity and unauthorized securities sales.
founder and CEO
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Low Risk
Based on the available data, we endorse this Company as a stable choice for employees.
This recommendation stems from a low-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity is expected to involve minimal risk.
High Risk
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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FINRA Expulsion
The SEC charged Alpine Securities in 2017 for routinely failing to file SARs for suspicious stock transactions or omitting critical details when filed, violating anti-money laundering laws
FINRA alleged in 2019 that Alpine Securities converted customer funds by imposing exorbitant fees and transferring securities deemed “worthless” or “abandoned” without authorization
FINRA expelled Alpine Securities from membership and ordered $2.3 million in restitution for converting customer funds, unauthorized trading, and charging unreasonable fees.
Alpine Securities was accused of charging a $5,000 monthly account fee, debiting customer accounts without authorization, and imposing unreasonable fees like $1,500 for certificate withdrawals
Posts on X have accused Alpine Securities of targeting retail investors and engaging in concentrated short positions, contributing to its negative reputation
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
FINRA BrokerCheck lists Alpine Securities (CRD# 149217) as a registered brokerage under regulatory oversight.
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IntelligenceLine links Alpine Securities USVI LLC to its expelled predecessor, warning of regulatory evasion and repeat risks.
The report alleges Alpine Securities USVI LLC used fake DMCA takedown notices to suppress negative reviews
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.3
1.5
1.7
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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Registration alone doesn’t guarantee reliability. Yes, Alpine Securities is SIPC/FINRA, but being hit with multiple SEC enforcement actions for failures around reporting and unauthorized sales means you need to tread carefully.
2/5
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3/5
Alpine Securities has made a name for itself as one of the most unscrupulous broker-dealers in recent history. From its excessive fees to its utter disregard for AML compliance, it’s clear that profit was prioritized above all else especially above legality or ethics. The $5,000 monthly account charges were nothing short of extortion. And let’s not forget their brazen misuse of client assets. Alpine’s business model was simple: milk clients dry and challenge the rules when caught. This isn’t innovation; it’s financial predation.
Alpine Securities USVI, LLC’s regulatory troubles indicate systemic issues. Repeated clashes with FINRA suggest they haven’t learned from past mistakes. A broker should evolve to meet industry standards, not resist them. This pattern of defiance is a dealbreaker for investors.
The firm’s involvement in questionable short-selling practices has drawn ire from retail investors. Allegations of manipulating stock positions, as seen in some X posts, paint Alpine as prioritizing profits over fairness. Such behavior erodes confidence in the market. Investors should be wary of a broker with such a controversial reputation.
The track record of Alpine Securities USVI, LLC is marred by accusations of financial misconduct. X posts claim it has unfairly targeted companies like Vocodia, putting retail investors at risk. FINRA’s push for expulsion highlights Alpine’s alleged failure to comply with regulations. Investors are frustrated, believing the firm’s actions contribute to market instability. Reports of significant investor losses linked to Alpine’s practices are alarming. This company appears to prioritize self-interest over ethical standards.
Alpine Securities USVI, LLC’s reputation is tarnished by ongoing legal and regulatory challenges. X users have called it a “poster child for regulatory dysfunction,” accusing it of exploiting retail investors for decades. FINRA’s efforts to shut it down underscore serious operational flaws. Allegations of holding concentrated short positions, like in GTII, raise concerns about market manipulation. The firm’s lack of transparency fuels distrust among clients and the public. Its continued operation despite these issues is deeply troubling.
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