Securities Lawyers Blog
Investors researching Global Financial Services, L.L.C. often want to know about the firm’s regulatory history before deciding whether to speak with a lawyer. This page summarizes the FINRA disciplinary actions in which Global Financial Services, L.L.C. was named. The securities fraud attorneys at Gana Weinstein LLP represent investors in claims against brokerage firms and financial advisors for investment fraud, unsuitable investment recommendations, excessive trading, and failure to supervise, and we can review the firm’s record together with your account statements to determine whether you have a claim.
Global Financial Services is a broker-dealer that provides securities brokerage and investment services to its clients. Organized in Texas in 1994, the firm is headquartered on Post Oak Boulevard in Houston.
Global Financial Services, L.L.C. – By the Numbers:
- CRD #: 35699
- Regulatory Events: 6
- Arbitration Events: 1
- Broker Employees: 14
Global Financial Services, L.L.C. – In the News:
FINRA v. Global Financial Services, L.L.C. (Case #2022074734101) – From June 2020 to the present, Global Financial failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with Rule 15l-1 of the Securities Exchange Act of 1934 (Regulation Best Interest or Reg BI), and FINRA Rules as they relate to recommendations of complex products like volatility-linked ETPs to retail and non-retail customers and the risk of recommending to retail and non-retail customers a single foreign currency denominated bond at concentration levels inconsistent with the customers’ profiles. As a result, Global Financial violated Rule 15l-1 of the Exchange Act and FINRA Rules 3110 and 2010. For these violations, Global Financial is censured, fined $50,000, and has undertaken to certify to the remediation of the issues identified in this AWC.
FINRA arbitration is faster and less formal than court, and most claims against brokerage firms such as Global Financial Services, L.L.C. are resolved there. The securities arbitration attorneys at Gana Weinstein LLP can explain how to file a FINRA claim and what to expect. Our consultations are free and we welcome all inquiries.