Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as TP Icap Global Markets Americas LLC. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
TP ICAP Global Markets Americas LLC is an interdealer broker that arranges trades between financial institutions in corporate and municipal bonds, U.S. Treasury and agency securities, mortgage and asset-backed securities, credit and equity derivatives, repurchase agreements, and commodities and futures. Headquartered at 200 Vesey Street in New York, the firm is part of TP ICAP Group and was named Interdealer Broker of the Year at the GlobalCapital Americas Derivatives Awards in 2021.
TP Icap Global Markets Americas LLC – By the Numbers:
- CRD #: 2762
- Regulatory Events: 33
- Broker Employees: 508
TP Icap Global Markets Americas LLC – In the News:
FINRA v. TP Icap Global Markets Americas LLC (Case #2021072004801) – From at least September 2020 until March 2025, TP ICAP failed to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable securities laws and regulations and FINRA rules prohibiting potentially manipulative trading, in violation of FINRA Rules 3110(a), 3110(b), and 2010. For these violations, the firm is censured, fined $80,000, and required to certify within 180 days that it has implemented a supervisory system reasonably designed to remediate the supervisory failures at issue in this AWC.
FINRA v. TP Icap Global Markets Americas LLC (Case #2020067552001) – Between July 2016 and May 2023, ICAP inaccurately reported to the Trade Reporting and Compliance Engine (TRACE) approximately 600,000 transactions in TRACE-Eligible Securities without the required “No Remuneration” (NR) indicator in violation of FINRA Rules 6730(d) and 2010. The firm also failed to establish, maintain, and enforce a supervisory system, including written procedures, reasonably designed to achieve compliance with the firm’s transaction reporting obligations for TRACE-Eligible Securities in violation of FINRA Rules 3110 and 2010.
FINRA v. TP Icap Global Markets Americas LLC (Case #2014038964301) – From January 2010 through December 2013 (the “Relevant Period”), ICAP failed to amend, or timely amend, the Uniform Applications for Securities Industry Registration or Transfer (“Forms U4”) for ten associated persons even though the Firm had notice of the disclosable events (including unsatisfied judgments and liens, bankruptcies) through Annual Compliance Questionnaires (“ACQs”) or wage garnishment orders, in violation of Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rule 2010. Additionally, ICAP failed to establish and maintain a supervisory system and written supervisory procedures reasonably designed to ensure the timely reporting of disclosable events, in violation of NASD Rule 3010 and FINRA Rule 2010.
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.