Securities Lawyers Blog
Elder financial abuse, unauthorized trading, churning, and broker theft are among the most serious forms of broker misconduct, and they can occur at brokerage firms of every size. The investor attorneys at Gana Weinstein LLP represent individuals and families who have suffered investment losses because of a dishonest or negligent financial advisor, including customers of firms such as Siebert Williams Shank & Co., LLC. We review account activity, identify misconduct, and bring FINRA arbitration claims to recover what was lost.
Siebert Williams Shank is an independent investment bank providing corporate finance, municipal finance, and sales, trading and research services to corporations, governments and institutional investors. Headquartered in New York, the firm underwrites capital markets offerings for Fortune 500 companies and municipal bond issues for school districts, port authorities and cities across the United States.
Siebert Williams Shank & Co., LLC – By the Numbers:
- CRD #: 42568
- Regulatory Events: 4
- Broker Employees: 129
Siebert Williams Shank & Co., LLC – In the News:
FINRA v. Siebert Williams Shank & Co., LLC (Case #2022073420401) – Between August 2021 and August 2023, Siebert violated MSRB Rule G-14 by failing to report the correct time of trade to the MSRB’s Real-Time Transaction Reporting System (RTRS) for approximately 12,100 municipal securities transactions and by failing to report to the RTRS approximately 4,700 additional municipal securities transactions. Siebert also violated MSRB Rule G-27 by failing to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to ensure compliance with MSRB Rule G-14. For these violations, Siebert is censured and fined $55,000.
FINRA disciplinary actions against a brokerage firm rarely tell the whole story of how customers were affected. If you were a customer of Siebert Williams Shank & Co., LLC during the periods described above, the FINRA attorneys at Gana Weinstein LLP can determine whether you have a claim. Our consultations are free.