Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with BNP Paribas Securities Corp. If you suffered losses investing with BNP Paribas Securities Corp, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
BNP Paribas Securities Corp (CRD# 15794) (SEC# 8-32682)
As of April 4, 2020, BNP Paribas Securities Corp’s FINRA BrokerCheck Report contains the following:
78 Regulatory Event Disclosures
1 Arbitration Disclosures
14 Bond Disclosures
UPDATE 6/18/2020: According to FINRA’s April 2020 Disciplinary Actions: BNP Paribas Securities Corp. (CRD #15794, New York, New York) February 5, 2020 – An AWC was issued in which the firm was censured and fined $90,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it submitted inaccurate, incomplete, or improperly formatted information to the Order Audit TrailSystem (OATSTM). The findings stated that the improperly formatted information failed to contain the Not Held special handling code for an order that originated with a foreign affiliate of the firm. The firm identified a software error that affected only orders received electronically from that foreign affiliate. That software error caused all but one of the firm’s failures to report the Not Held special handling code, with the one other instance resulting from human error. The firm learned about the issue through a regulatory inquiry from FINRA, and it subsequently fixed the software error. The findings also stated that the firm failed to make publicly available all information required in order to comply with Rule 606 of Regulation NMS. The firm failed to report the material aspects of its relationship with certain venues to which it routed non-directed orders for execution, including any arrangements for payment for order flow and any profit-sharing relationship. The findings also included that the firm’s supervisory system, including its written supervisory procedures (WSPs), were not reasonably designed to achieve compliance with FINRA rules concerning the accuracy of OATS reporting and to achieve compliance with respect to the rules applicable to trading reporting and market-making activity. (FINRA Case #2015044231302)
Main Office Location
787 SEVENTH AVENUE
NEW YORK, NY 10019
UNITED STATES
Mailing Address
525 WASHINGTON BOULEVARD
JERSEY CITY, NJ 07310
UNITED STATES
Business Telephone Number
212-841-2000
Direct Owners and Executive Officers
BNP PARIBAS US WHOLESALE HOLDINGS, CORP, OWNER
ALTER, ANDREW WILLIAM (CRD#:4183449), GENERAL COUNSEL AND SECRETARY
DE LAMBILLY, HUBERT CHARLES (CRD#:6948081), CHIEF EXECUTIVE OFFICER
FARRELL, MICHAEL F (CRD#:2562352), CHIEF FINANCIAL OFFICER, FINOP
HAWLEY, ROBERT WILLIAM JR (CRD#:828024), CHAIRMAN
HAWLEY, ROBERT WILLIAM JR (CRD#:828024), DIRECTOR
MARTINO, MICHAEL BENEDICT (CRD#:4420944), CHIEF OPERATIONS OFFICER
MCCLOSKEY, THERESA ANN (CRD#:1525735), CHIEF COMPLIANCE OFFICER
NUNN, GEORGE ALVARO (CRD#:2405499), CHIEF OPERATING OFFICER
PLENTY, LLOYD SAMUEL (CRD#:4679805), DIRECTOR
RICARD, PHILIPPE RAYMOND (CRD#:6986968), DIRECTOR
FINRA requires brokerage firms 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. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with BNP Paribas Securities Corp 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.
