Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Abn Amro Clearing USA LLC. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
ABN AMRO Clearing USA LLC is a clearing firm that provides clearing, execution, stock borrowing and lending, and settlement in listed equities, options, and futures to professional trading firms. Organized in Illinois in 1997 and known as ABN AMRO Clearing Chicago until 2023, the firm has offices in Chicago and New York and reaches more than 90 exchanges worldwide through ABN AMRO Clearing Bank.
Abn Amro Clearing USA LLC – By the Numbers:
- CRD #: 14020
- Regulatory Events: 82
- Broker Employees: 64
Abn Amro Clearing USA LLC – In the News:
FINRA v. Abn Amro Clearing USA LLC (Case #2016049875801) – From April 2007 until July 2015 (the “relevant period”), AACC understated the portfolio margin requirements for 22 accounts at various points in time. It incorrectly treated certain over-the-counter (“OTC”) equity securities, which are not margin eligible, as marginable securities. As a consequence, the firm understated the margin requirements for these accounts by millions of dollars. The firm thereby violated NASD Rules 2520(g) and 2110 and FINRA Rules 4210(g) and 2010.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.