Securities Lawyers Blog
We represent clients of financial advisors and brokerage firms in investment disputes against their firms, such as Fis Brokerage & Securities Services 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.
FIS Brokerage and Securities Services is a broker-dealer that provides technology solutions allowing institutional entities to exchange trade information electronically, along with technology and professional services that give an affiliated broker-dealer network access for sharing money market fund trade information. Formed in Delaware in 2000, the firm is an indirect wholly owned subsidiary of Fidelity National Information Services through its sole member FIS Capital Markets US.
Fis Brokerage & Securities Services LLC – By the Numbers:
- CRD #: 104162
- Regulatory Events: 23
- Broker Employees: 27
Fis Brokerage & Securities Services LLC – In the News:
FINRA v. Fis Brokerage & Securities Services LLC (Case #2016049884201) – From November 2015 through September 2019, the supervisory system and pre-trade risk management controls maintained by the firm were not reasonably designed to prevent the entry of erroneous orders. This conduct violated Rule 15c3-5 of the Securities Exchange Act of 1934, as amended (the Exchange Act), specifically Rules 15c3-5(b) and 15c3-5(c)(1)(ii), and FINRA Rules 3110 and 2010.
FINRA v. Fis Brokerage & Securities Services LLC (Case #2017053084901) – In Matter No. 20170530849, TFCE staff conducted a review of the firm’s compliance with FINRA Rule 7450 for the trade date of February 7, 2017. Thereafter, a further review was conducted to determine the extent of OATS reporting deficiencies. During the period between December 2015 and July 2017, the firm submitted to OATS approximately 431,000 Reportable Order Events (“ROEs”) that contained inaccurate, incomplete, or improperly formatted data. This conduct violated FINRA Rule 7450.
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.