Securities Lawyers Blog
Gana Weinstein LLP is a securities law firm that represents investors in investment disputes with brokerage firms and financial advisors, including customers of MM Global Securities, Inc. Our practice covers the full range of investor claims, from unsuitable investments, margin losses, and options trading losses to breach of fiduciary duty and failure to supervise. If your financial advisor lost your money, our FINRA lawyers can determine whether the losses were the result of misconduct and whether a claim against the brokerage firm is available.
MM Global Securities is a broker-dealer offering equity and debt brokerage, underwriting, private placements, options, mutual funds and variable insurance products. Incorporated in Illinois in 1997 and based in New York City, the firm has been owned since 2016 by MMBD Trading, a subsidiary of the financial technology company MMTEC.
MM Global Securities, Inc. – By the Numbers:
- CRD #: 2509
- Regulatory Events: 4
- Broker Employees: 2
MM Global Securities, Inc. – In the News:
FINRA v. MM Global Securities, Inc. (Case #2019062623001) – From at least January 2019 to June 2020, MM Global failed to establish and implement an anti-money laundering (AML) compliance program reasonably designed to detect and cause the reporting of suspicious activity in violation of FINRA Rules 3310(a) and 2010. During the same period, MM Global failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with federal securities laws and FINRA rules prohibiting market manipulation in violation of FINRA Rules 3110 and 2010. From at least October 2017 to April 2019, MM Global also failed to implement its Customer Identification Program (CIP) in violation of FINRA Rules 3310(b) and 2010. In addition, from November 2018 to August 2019, MM Global failed to preserve and maintain certain instant messages and email communications of its registered representatives in violation of Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rule 17a-4(b)(4), and FINRA Rules 4511 and 2010.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your MM Global Securities, Inc. accounts. Our consultations are free and we welcome all inquiries.