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 SWBC Investment Services, 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.
SWBC Investment Services is a broker-dealer affiliated with SWBC Investment Company, an advisory firm offering portfolio management, financial planning, wrap fee programs, and retirement plan consulting to individuals and institutions such as banks and thrifts. Formed in Texas in 2004 and registered in 2005, the firm is headquartered on San Pedro Avenue in San Antonio.
SWBC Investment Services, LLC – By the Numbers:
- CRD #: 133715
- Regulatory Events: 2
- Broker Employees: 27
SWBC Investment Services, LLC – In the News:
FINRA v. SWBC Investment Services, LLC (Case #2024080106201) – During a 16-business-day period in February and March 2024, SWBC conducted a securities business while failing to maintain its minimum required net capital, in violation of Section 15(c)(3) of the Securities Exchange Act of 1934, Exchange Act Rule 15c3-1, and FINRA Rules 4110(b)(1) and 2010. In addition, the firm failed to maintain books and records reflecting an accurate computation of its net capital from December 2023 to March 2024; filed with FINRA inaccurate Financial and Operational Combined Uniform Single (FOCUS) reports from December 2023 to February 2024; and failed to file net capital deficiency notices with the SEC and FINRA when its net capital fell below the firm’s minimum requirement. As a result, SWBC violated Exchange Act § 17(a), Exchange Act Rules 17a-3, 17a-5, and 17a-11, and FINRA Rules 4511 and 2010. For these violations, the firm is censured and fined $25,000.
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.