Securities Lawyers Blog
The securities lawyers at Gana Weinstein LLP represent investors who have been mistreated by their brokers and suffered investment losses. Our firm is experienced in bringing claims against brokerage firms, such as Anz Securities, Inc., to hold Wall Street responsible for their misconduct. When a client contacts our firm they can expect that our attorneys will have the knowledge and ability to evaluate the potential claims and analyze their trading activity for red flags of misconduct. Our consultations are designed to help provide clients with all available options.
ANZ Securities, Inc. is the U.S. broker-dealer of Australia and New Zealand Banking Group, dealing in Australian, New Zealand, and Asian fixed income securities for U.S. customers and participating in fixed income underwritings and private placements. Formed in New York in 1994 and based on Park Avenue, the firm acts as an agent linking U.S. clients with its parent bank, which handles execution, clearing, and settlement.
Anz Securities, Inc. – By the Numbers:
- CRD #: 36654
- Regulatory Events: 3
- Broker Employees: 26
Anz Securities, Inc. – In the News:
FINRA v. Anz Securities, Inc. (Case #2023077446701) – From July 2016 through June 2023, ANZ inaccurately reported to the Trade Reporting and Compliance Engine (TRACE) approximately 36,500 transactions without the required “No Remuneration” (NR) Indicator and approximately 22,500 of those transactions also without the required Non-Member Affiliate-Principal Transaction (NMA-PT) Indicator, in violation of FINRA Rules 6730(d) and 2010. In addition, between July 2016 through at least June 2023, ANZ’s supervisory system, including its written supervisory procedures (WSPs), was not reasonably designed to achieve compliance with FINRA Rule 6730(d), in violation of FINRA Rules 3110 and 2010. For these violations, ANZ is censured, fined $50,000, and consents to an undertaking to take corrective action.
FINRA v. Anz Securities, Inc. (Case #2015047818301) – During the review period, the firm failed to report to TRACE 183 transactions in TRACE-eligible securities within 15 minutes of the time of execution. These transactions constituted approximately six percent of the transactions in TRACE-eligible securities that the firm was required to report to TRACE during the review period. The conduct described in this paragraph constitutes separate and distinct violations of FINRA Rule 6730(a) and a pattern or practice of late reporting without exceptional circumstances in violation of FINRA Rule 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.