Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Natwest Markets Securities Inc.. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
NatWest Markets Securities Inc. is the U.S. broker-dealer of NatWest Markets, specializing in the purchase, sale, and financing of U.S. Treasury, agency, mortgage-backed, and corporate debt securities and in executing and clearing exchange-traded futures and options. Based in Stamford, Connecticut, the firm is a primary dealer in U.S. government securities and works mainly with global corporate and institutional counterparties and government sponsored entities.
Natwest Markets Securities Inc. – By the Numbers:
- CRD #: 11707
- Regulatory Events: 43
- Broker Employees: 132
Natwest Markets Securities Inc. – In the News:
FINRA v. Natwest Markets Securities Inc. (Case #2015047759201) – In Matters 20150477592 and 20160518266, the TRACE Team of the Department of Market Regulation reviewed the firm’s compliance with TRACE reporting requirements during the periods July 1, 2015 through March 31, 2016 and July 1, 2016 through September 30, 2016. As a result of this review, the Department of Enforcement found that the firm violated FINRA Rule 6730, as set forth below.
FINRA v. Natwest Markets Securities Inc. (Case #2016048685301) – From August 2008 to the present (the “Relevant Period”), the Firm failed to maintain an estimated 14 million electronic brokerage records in non-erasable and non-rewritable format, known as WORM format, as required by Section 17(a) of the Exchange Act of 1934 (the “Exchange Act”), Rule 17a-4(f) thereunder, NASD Rule 3110 and FINRA Rule 4511. WORM stands for “write once, read many,” and is intended to prevent the alteration or destruction of broker-dealer records stored electronically. Additionally, from May to September 2015, the Firm failed to retain 5,849 Microsoft chat messages, in violation of Exchange Act Rule 17a-4(b) and FINRA Rule 4511. The Firm also failed to implement an audit system for the inputting of records in electronic storage media, in violation of Exchange Act Rule 17a-4(f)(3), NASD Rule 3110 and FINRA Rule 4511. Finally, the Firm’s written supervisory procedures failed to describe an adequate supervisory process relating to the Firm’s WORM compliance, in violation of NASD Rule 3010 and FINRA Rule 3110.
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 accounts. Our consultations are free and we welcome all inquiries.