Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Susquehanna Financial Group, LLLP, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
Susquehanna Financial Group is the institutional broker-dealer affiliate of Susquehanna International Group, offering independent fundamental equity research, listed options and derivatives expertise, and related sales and trading services to institutional investors. Formed in Delaware in 2002, the firm covers about 250 stocks across five industry verticals from its New York trading floor and serves hedge funds, mutual funds, pension and endowment funds, and family offices in the United States.
Susquehanna Financial Group, LLLP – By the Numbers:
- CRD #: 35865
- Regulatory Events: 12
- Broker Employees: 220
Susquehanna Financial Group, LLLP – In the News:
FINRA v. Susquehanna Financial Group, LLLP (Case #2023077506401) – From February 2021 to May 2023, Susquehanna inaccurately reported to the Trade Reporting and Compliance Engine (TRACE) approximately 74,000 transactions in TRACE-Eligible Securities without the required “No Remuneration” (NR) indicator, in violation of FINRA Rules 6730(d) and 2010. From at least February 2021 to May 2023, Susquehanna also failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA Rule 6730(d), in violation of FINRA Rules 3110 and 2010. For these violations, Susquehanna is censured and fined $100,000.
FINRA v. Susquehanna Financial Group, LLLP (Case #2015046869101) – In Matter No. 20150468691, FINRA staff reviewed the firm’s compliance with reporting requirements of corporate debt securities to the Trade Reporting and Compliance Engine (“TRACE”) and related books and records requirements during the period from April 1, 2015 through June 30, 2015. During the review period, the firm failed to report to TRACE the correct time of trade execution for 100 transactions in TRACE-eligible corporate debt securities and failed to report those transactions within the timeframe required by FINRA Rule 6730. The firm also failed to show the correct time of execution on the memoranda of the 100 brokerage orders. As a result, the firm violated FINRA Rules 6730 and 4511 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.