Securities Lawyers Blog
Investors researching The Ultima Global Markets (USA), Inc. often want to know about the firm’s regulatory history before deciding whether to speak with a lawyer. This page summarizes the FINRA disciplinary actions in which The Ultima Global Markets (USA), Inc. was named. The securities fraud attorneys at Gana Weinstein LLP represent investors in claims against brokerage firms and financial advisors for investment fraud, unsuitable investment recommendations, excessive trading, and failure to supervise, and we can review the firm’s record together with your account statements to determine whether you have a claim.
The Ultima Global Markets (USA) is a small broker-dealer and FINRA member that provides securities brokerage services with a global market orientation. Organized in New York in 1998, the firm is headquartered on Park Avenue in New York City and has a mix of foreign entity and individual ownership.
The Ultima Global Markets (USA), Inc. – By the Numbers:
- CRD #: 47895
- Regulatory Events: 1
- Broker Employees: 2
The Ultima Global Markets (USA), Inc. – In the News:
FINRA v. The Ultima Global Markets (USA), Inc. (Case #2023078062701) – From at least August 2021 through September 2024, Ultima failed to establish and implement an anti-money laundering (AML) program that could be reasonably expected to detect and cause the reporting of potentially suspicious activity relating to low-priced securities transactions in correspondent accounts controlled by the firm’s affiliated FFIs, who traded on behalf of undisclosed customers. As a result, Ultima violated FINRA Rules 3310(a), 3310(f)(ii), and 2010. During the same period, Ultima also failed to establish and implement a reasonably designed due diligence program for correspondent accounts of FFIs, including by failing to conduct periodic reviews of account activity to determine whether the activity was consistent with the type, purpose, and anticipated activity of the account. As a result, the firm violated FINRA Rules 3310(b) and 2010. For these violations, Ultima is censured and fined $100,000.
The securities fraud attorneys at Gana Weinstein LLP have represented investors throughout the country in claims against brokerage firms and stockbrokers. If you have questions about how to file FINRA arbitration against a brokerage firm such as The Ultima Global Markets (USA), Inc. or what damages you can recover, call us for a free consultation.