Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as Odeon Capital Group 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.
Odeon Capital Group is an independent broker-dealer offering fixed income and equity trading, investment banking, and research services, including United States rates and Treasury trading and equity research coverage. Formed in Delaware in 2008 and headquartered in New York, the firm serves an institutional client base.
Odeon Capital Group LLC – By the Numbers:
- CRD #: 148493
- Regulatory Events: 5
- Broker Employees: 93
Odeon Capital Group LLC – In the News:
FINRA v. Odeon Capital Group LLC (Case #2021069359401) – From July 2019 to the present, Odeon failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with applicable securities laws and regulations prohibiting prearranged trading, a form of manipulative trading, in violation of FINRA Rules 3110 and 2010. In addition, between December 2019 and December 2021, Odeon provided written trade confirmations to non-institutional customers that failed to disclose required mark-up and mark-down information on 717 municipal securities and corporate and agency debt transactions in violation of MSRB Rule G-15 and FINRA Rules 2232 and 2010. In addition, Odeon failed to reasonably supervise to achieve compliance with mark-up and mark-down disclosure requirements, in violation of MSRB Rule G-27 and FINRA Rules 3110 and 2010. For these violations, Odeon is censured, fined $75,000, and consents to an undertaking to remediate the issues identified in this AWC.
FINRA v. Odeon Capital Group LLC (Case #2021071695501) – Between November 2020 to January 2024, Odeon violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA Rule 5121’s provisions relating to qualified independent underwriters.
FINRA v. Odeon Capital Group LLC (Case #2016051927501) – From July 2016 through April 2018 and from August 2021 through March 2022, Odeon Capital failed to timely report approximately 640 trades to the Trade Reporting and Compliance Engine (TRACE), and, from February 2017 through April 2018, incorrectly reported approximately 130 internal transfers to TRACE as securitized products transactions, when they were not reportable. As a result, Odeon Capital violated FINRA Rules 6730 and 2010. In addition, from February 2017 through August 2019, Odeon Capital failed to timely report approximately 225 trades to the Municipal Securities Rulemaking Board’s (MSRB) Real-time Transaction Reporting System (RTRS), and, from February 2017 through March 2021 and from January 2022 through August 2022, incorrectly reported approximately 3,250 internal transfers to the RTRS as municipal securities transactions, when they were not reportable. As a result, the firm violated MSRB Rule G-14. Furthermore, from July 2016 through July 2022, the firm’s supervisory system, including its written supervisory procedures (WSPs), was not reasonably designed to achieve compliance with TRACE and MSRB reporting rules. As a result, the firm violated FINRA Rules 3110 and 2010 and MSRB Rule G-27.
FINRA v. Odeon Capital Group LLC (Case #2015046462601) – In connection with matter no. 20140431359, the Trade Reporting and Compliance Engine (“TRACE”) Agency and Securitized Products staff of FINRA’s Department of Market Regulation (the “staff”) reviewed the firm’s transaction reporting for TRACE-eligible securitized products (“SPs”) during periods of April 1, 2015 through June 30, 2015 (the “2Q15 period”) and October 1, 2015 through December 31, 2015 (the “4Q15 period”). In connection with matter no. 20160488038, the staff reviewed the firm’s SP transaction reporting for the 4Q15 period and the period of April 1, 2016 through June 30, 2016 (the “2Q16 period”). Based on the foregoing reviews, the staff determined that the firm violated FINRA Rules 6730(c)(8), 6730(a), 4511, and 2010, and SEC Rule 17a-3.
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.