Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Flow Traders U.S. LLC, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
Flow Traders U.S. LLC is the U.S. market making firm of Flow Traders, trading exchange-traded securities, including ETFs, and financial futures contracts as a member of various U.S. securities and futures exchanges. Organized in Delaware in 2009 and based in New York, the firm is owned through Flow Traders US Holding by the global Flow Traders group.
Flow Traders U.S. LLC – By the Numbers:
- CRD #: 150780
- Regulatory Events: 4
- Broker Employees: 46
Flow Traders U.S. LLC – In the News:
FINRA v. Flow Traders U.S. LLC (Case #2019064856101) – From at least August 2019 through April 2023, Flow Traders failed to establish, document, and maintain financial risk management controls and supervisory procedures reasonably designed to prevent the entry of orders that exceed appropriate pre-set capital thresholds in the aggregate for the firm and to prevent the entry of erroneous orders. Specifically, Flow Traders set thresholds that failed to meaningfully limit the financial exposure generated from the firm’s trading activity. As a result, Flow Traders violated the Securities Exchange Act of 1934 § 15(c)(3), Exchange Act Rules 15c3-5(b), (c)(1)(i), and (c)(1)(ii), and FINRA Rules 3110 and 2010.
FINRA v. Flow Traders U.S. LLC (Case #2015044231502) – In Matter No. 20150442315, the Trading and Financial Compliance Examinations staff (the “staff”) within the Department of Market Regulation reviewed trading activity of the firm for compliance with various regulatory requirements for trade dates of August 17 and 18, 2015 in connection with its 2015 cycle examination of the firm. The staff’s review resulted in the identification of violations of FINRA Rule 7450. As a result of this review, it was determined that certain of these violations were greater in scope and duration, and not limited to the trade dates originally examined by staff, as referenced herein.
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.