Securities Lawyers Blog
The securities lawyers at Gana Weinstein LLP represent investors who have been mistreated by their brokers and suffered investment losses. Our firm is experienced in bringing claims against brokerage firms, such as Santander US Capital Markets LLC, to hold Wall Street responsible for their misconduct. When a client contacts our firm they can expect that our attorneys will have the knowledge and ability to evaluate the potential claims and analyze their trading activity for red flags of misconduct. Our consultations are designed to help provide clients with all available options.
Santander US Capital Markets LLC is the institutional broker-dealer of Santander in the United States, providing investment banking and institutional sales and trading in fixed income, structured products, and equities. Formed in early 2023 by combining Santander Investment Securities and Amherst Pierpont Securities, the firm is based on Madison Avenue in New York and self-clears most of its fixed income business.
Santander US Capital Markets LLC – By the Numbers:
- CRD #: 150696
- Regulatory Events: 5
- Broker Employees: 686
Santander US Capital Markets LLC – In the News:
FINRA v. Santander US Capital Markets LLC (Case #2020065142001) – From April 2019 through December 2021, Santander failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to prevent the misuse of material non-public information (MNPI). Santander also failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with Section 5 of the Securities Act of 1933. As a result of the foregoing, the firm violated FINRA Rules 3110 and 2010.
FINRA v. Santander US Capital Markets LLC (Case #2013037312201) – Between January 1, 2012 and June 30, 2014 (the Relevant Period), an associated person of ASG who acted as a salesperson for Residential Mortgage-Backed Securities (RMBS), made misleading pricing-related statements to ASG counterparties in connection with negotiations involving 11 separate transactions in RMBS that triggered additional review by ASG due to the size of the spreads realized by ASG. During the Relevant Period, ASG failed to enforce a supervisory system reasonably designed to review and supervise for red flags when raised in connection with customer transactions in RMBS, in violation of NASD Rule 3010 and FINRA Rule 2010.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.