Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as Ing Financial Markets LLC. Our firm can analyze your accounts and investments in order to determine if there was any broker misconduct in the handling of your accounts. Our analysis can reveal whether an investor has been a victim of misconduct such as unsuitable investments, unauthorized trading, excessive trading, or investment fraud.
ING Financial Markets is a broker-dealer that provides customer facilitation in equity and fixed income securities, securities lending and borrowing, repurchase transactions, principal fixed income trading, underwriting, and clearing and custodial services for affiliates. Based at 1133 Avenue of the Americas in New York, the firm is a wholly owned subsidiary of ING Financial Holdings within the Dutch banking group ING Groep, and it self-clears fixed income securities, equities, and exchange-traded funds.
Ing Financial Markets LLC – By the Numbers:
- CRD #: 28872
- Regulatory Events: 10
- Broker Employees: 306
Ing Financial Markets LLC – In the News:
FINRA v. Ing Financial Markets LLC (Case #2015044057301) – In Review No. 20150440573, the Department of Market Regulation’s Options Regulation staff (the “Staff”) conducted a review of the Firm’s compliance with the rules related to the reporting of over-the-counter (“OTC”) options to the Large Options Position Reporting (“LOPR”) system for the period between July 2, 2012 and March 22, 2016 (the “Review Period”). LOPR data is used extensively by FINRA and self-regulatory organizations (“SROs”) to identify holders of large options positions who may be, among other things, attempting to manipulate the market or otherwise violate securities rules and regulations. The accuracy of LOPR data is essential for the analysis of potential violations related to, among other things, insider trading, position limits, exercise limits, front-running, capping and pegging, mini-manipulation, and marking-the-close. As a result of its review, the Staff determined that during the Review Period, ING had inaccurately reported OTC options positions to the LOPR in approximately 75,692 instances. In addition, the Firm failed to establish, maintain, and enforce an adequate supervisory system and written supervisory procedures (“WSPs”) that were reasonably designed to ensure its compliance with applicable LOPR reporting requirements.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.