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 Bids Trading L.P., 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.
BIDS Trading is a broker-dealer that operates the BIDS Alternative Trading System, an off-exchange venue where buy-side and sell-side participants trade large blocks of equities anonymously using tools such as the BIDS Trader interface and actionable indications of interest. Formed in Delaware in 2006, the firm is wholly owned by Cboe Global Markets through BIDS Holdings, describes itself as the largest independent block trading platform in the United States and Europe by volume, and has affiliated venues in Canada and Europe.
Bids Trading L.P. – By the Numbers:
- CRD #: 141296
- Regulatory Events: 2
- Broker Employees: 19
Bids Trading L.P. – In the News:
FINRA v. Bids Trading L.P. (Case #2019063546101) – From July 2018 to August 2019, BIDS overstated its advertised trade volume on Bloomberg and Thomson Reuters, private subscription-based providers of market data, in violation of FINRA Rules 5210 and 2010. The firm also failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with FINRA Rule 5210, in violation of FINRA Rules 3110(a) and 2010.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.