Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Gfi Securities LLC. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
GFI Securities is a wholesale broker that provides brokerage services in securities and over-the-counter derivative contracts to broker-dealers and other financial institutions, introducing trades to clearing firms on a fully disclosed basis. Based at 55 Water Street in New York, the firm is an indirect wholly owned subsidiary of BGC Group, a Cantor Fitzgerald affiliate, and it holds majority stakes in GFI Exchange Colombia and GFI Securities Colombia.
Gfi Securities LLC – By the Numbers:
- CRD #: 19982
- Regulatory Events: 30
- Broker Employees: 146
Gfi Securities LLC – In the News:
FINRA v. Gfi Securities LLC (Case #2015048311501) – GFI is a broker-dealer with market access and that provides customers with access to an alternative trading system (“ATS”). From November 2014 to August 2018 (the “Relevant Period”), GFI failed to establish, document, and maintain a system of risk management controls and supervisory procedures reasonably designed to manage the financial, regulatory, and other risks of this business activity. Through this conduct, GFI violated Section 15(c)(3) of the Securities Exchange Act of 1934 (“SEA”), and SEA Rule 15c3-5 (the “Market Access Rule”), specifically subsections 15c3-5(b), (c)(1) and (e), and 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.