Securities Lawyers Blog
We represent clients of financial advisors and brokerage firms in investment disputes against their firms, such as CF Secured, LLC. Our services cover a wide spectrum of broker misconduct, including unsuitable investments, failure to supervise, and losses in various investment products. Our firm can analyze your brokerage accounts, determine the extent of your investment losses, and understand the issues and remedies available.
CF Secured is a prime broker for institutional and other professional trading firms, providing clearance and settlement, securities lending and other collateralized financing, and it is also registered as a security-based swap dealer facilitating total return swaps. Formed in Delaware in 2016 and based at 110 East 59th Street in New York, the firm is wholly owned by CF Secured Holdings, which is controlled by a wholly owned subsidiary of Cantor Fitzgerald.
CF Secured, LLC – By the Numbers:
- CRD #: 285841
- Regulatory Events: 1
- Broker Employees: 99
CF Secured, LLC – In the News:
FINRA v. CF Secured, LLC (Case #2019063767301) – Between April 2018 and January 2019, CF Secured failed to accurately calculate its required customer reserve on three separate occasions, resulting in nine hindsight deficiencies ranging from approximately $4 million to $29.8 million and totaling approximately $126 million. The firm’s failure to accurately calculate its customer reserve obligations caused the firm to maintain inaccurate books and records and to make two FOCUS filings inaccurately reporting its customer reserve. As a result of the foregoing, CF Secured violated Sections 15(c) and 17(a) of the Securities Exchange Act of 1934, Exchange Act Rules 15c3-3, 17a-3 and 17a-5, and FINRA Rules 4511 and 2010. CF Secured also failed to establish and maintain a supervisory system, including written procedures (WSPs), reasonably designed to ensure its compliance with customer reserve requirements, in violation of FINRA Rules 3110 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.