Did you suffer investment losses with BGC Financial (CRD# 19801) (SEC# 8-39012)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with BGC Financial. If you suffered losses investing with BGC Financial, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of September 9, 2020, BGC Financial’s FINRA BrokerCheck Report contains the following:
29 Regulatory Event Disclosures
UPDATE 4/13/2020: According to FINRA’s January 2020 Disciplinary Actions: “BGC Financial, L.P. (CRD #19801, New York, New York) November 12, 2019 – An AWC was issued in which the firm was censured and fined $40,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to immediately execute, route, or display customer limit orders in over-the-counter securities. The findings stated that the violations resulted from the firm’s delayed handling of limit orders that would lock or cross the market. (FINRA Case #2016051256201)”
Main Office Location
ONE SEAPORT PLAZA, 19TH FLOOR
NEW YORK, NY 10038
UNITED STATES
Mailing Address
ONE SEAPORT PLAZA, 19TH FLOOR
NEW YORK, NY 10038
UNITED STATES
Business Telephone Number
646-346-7000
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
BGC Financial’s Direct Owners and Executive Officers
BGC BROKERS US L.P., LIMITED PARTNER
ANZALONE, THOMAS JOSEPH (CRD#:1161513), CHIEF OPERATIONS OFFICER/PRINCIPAL OPERATIONS OFFICER
AUBIN, JEAN PIERRE (CRD#:5596046), EXECUTIVE MANAGING DIRECTOR EQUITIES, DERIVATIVES, FUTURES
BGCF HOLDINGS LLC, GENERAL PARTNER
BISGAY, STEVEN (CRD#:4424156), CHIEF FINANCIAL OFFICER/PRINCIPAL FINANCIAL OFFICER
LAVECCHIA, DANIEL (CRD#:2295895), EXECUTIVE MANAGING DIRECTOR FX PRODUCTS AND SWAPS
LEWIS, THOMAS JOSEPH (CRD#:2684821), MANAGING DIRECTOR FIXED INCOME AND COMMODITIES
MERKEL, STEPHEN M (CRD#:2366318), EXECUTIVE MANAGING DIRECTOR, GENERAL COUNSEL & SECRETARY
SCOTTO, LOUIS JAMES (CRD#:1483052), CHIEF EXECUTIVE OFFICER
SULFARO, MICHAEL CARL (CRD#:2483562), CHIEF COMPLIANCE OFFICER
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with BGC Financial and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
Formerly Known As, Aliases, and Affiliates
AUREL, BGC LAKE, EURO BROKERS MAXCOR INC., EURO BROKERS, A DIVISION OF MAXCOR FINANCIAL INC., EUROBROKERS, FENICS US TREASURIES, FENICS UST, FENICS, MAXCOR, MAXCOR (DIVISION OF EURO BROKERS INC.), MAXCOR FINANCIAL INC., MAXCOR, MINT PARTNERS, MIS, NGKF SECURITIES, POTEN CAPITAL, SUNRISE, WOLFE & HURST, AUREL, BGC LAKE, EURO BROKERS MAXCOR INC., EURO BROKERS, A DIVISION OF MAXCOR FINANCIAL INC., EUROBROKERS, FENICS US TREASURIES, FENICS UST, FENICS, MAXCOR, MAXCOR (DIVISION OF EURO BROKERS INC.), MAXCOR FINANCIAL INC., MAXCOR, MINT PARTNERS, MIS, NGKF SECURITIES, POTEN CAPITAL, SUNRISE, WOLFE & HURST
