Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Sei Investments Distribution Co.. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
SEI Investments Distribution is a broker-dealer that functions mainly as a fund distributor within SEI Investments, which acts as sponsor, administrator, investment advisor, and distributor for many investment products. Formed in Pennsylvania in 1981 and registered as a broker-dealer since 1982, the firm is headquartered with its parent at 1 Freedom Valley Drive in Oaks, Pennsylvania.
Sei Investments Distribution Co. – By the Numbers:
- CRD #: 10690
- Regulatory Events: 4
- Broker Employees: 147
Sei Investments Distribution Co. – In the News:
FINRA v. Sei Investments Distribution Co. (Case #2023078259101) – FINRA’s Trade Reporting and Compliance Engine (TRACE) facilitates the mandatory reporting of certain securities transactions and provides increased price transparency to market participants and investors. From August 2013 to September 2021, SIDCO failed to report to TRACE approximately 19,160 transactions between itself and another member, Firm A, which acted as an executing broker to fill SIDCO’s customers orders. For approximately 17,130 of these transactions, SIDCO inaccurately reported to TRACE and in customer trade confirmations its execution capacity. And from August 2013 to at least September 2021, SIDCO failed to reasonably supervise compliance with TRACE reporting rules.
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.