Securities Lawyers Blog
How long does FINRA arbitration take? How much does FINRA arbitration cost? What damages can I recover in FINRA arbitration? Investors with losses at firms such as Acs Execution Services, LLC ask the securities arbitration lawyers at Gana Weinstein LLP these questions before deciding whether to file a FINRA claim. Our attorneys answer them in a free consultation, explain how long you have to file FINRA arbitration, and tell you candidly whether your case is worth pursuing.
ACS Execution Services is an exchange member broker-dealer providing execution services, including floor and off-floor exchange commission business. Formed in Delaware in 2015 as the successor to Solowey and Company, the firm is owned by ACS Global Holdings and based in Red Bank, New Jersey.
Acs Execution Services, LLC – By the Numbers:
- CRD #: 17972
- Regulatory Events: 3
- Broker Employees: 12
Acs Execution Services, LLC – In the News:
FINRA v. Acs Execution Services, LLC (Case #2018057929601) – From June 2017 to the present, ACS violated Regulation SHO Rule 203(b)(1) and FINRA Rule 2010 by effecting at least 10 million short sales to facilitate net trading by its broker-dealer clients without locating shares available for borrowing. During the same period, ACS also violated FINRA Rules 3110 and 2010 by failing to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with the locate requirements of Rule 203.
FINRA v. Acs Execution Services, LLC (Case #2018057548201) – Between March 9, 2016, and February 9, 2018 (the “Review Period”), the Firm violated FINRA Rules 7450(a) and 2010 by reporting 343,503,736 Reportable Order Events (“ROEs”) to the Order Audit Trail System (“OATS”), nearly all of which contained inaccurate, incomplete or improperly formatted data with respect to order event timestamps in milliseconds. The Firm also violated FINRA Rules 3110(a) and (b) and 2010 by failing to establish and maintain a system to supervise, as well as WSPs, reasonably designed to achieve compliance with applicable FINRA rules regarding the accuracy of order event timestamps reported to OATS.
A brokerage firm’s regulatory history is often important evidence in a FINRA arbitration claim. If you lost money at Acs Execution Services, LLC, the securities arbitration attorneys at Gana Weinstein LLP can review the firm’s record alongside your accounts, free of charge.