Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Coda Markets. If you suffered losses investing with Coda Markets, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Coda Markets (CRD# 36187) (SEC# 8-47077)
As of April 4, 2020, Coda Markets’s FINRA BrokerCheck Report contains the following:
2 Regulatory Event Disclosures
UPDATE 4/13/2020: According to FINRA’s January 2020 Disciplinary Actions: “Coda Markets, Inc. fka PDQ ATS, Inc. (CRD #36187, Glenview, Illinois) November 21, 2019 – An AWC was issued in which the firm was censured, fined $90,000 and required to review and revise its systems and written procedures regarding the supervision of its Order Audit Trail System (OATS™) reporting to ensure that the systems and procedures are reasonably designed to achieve compliance with FINRA Rule 7450 and to implement and test all coding changes necessary to remediate the violations identified in the AWC. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to report Reportable Order Events (ROEs) to OATS and reported ROEs that contained inaccurate, incomplete or improperly formatted data. The findings stated that the firm submitted route reports and corresponding new order reports containing inaccurate order sent timestamps and an inaccurate order received timestamps. The findings also stated that the firm failed to maintain a supervisory system, including WSPs, reasonably designed to achieve compliance with FINRA rules concerning OATS reporting. (FINRA Case #2016049105201)”
Main Office Location
2624 PATRIOT BOULEVARD
GLENVIEW, IL 60026
UNITED STATES
Mailing Address
2624 PATRIOT BOULEVARD
GLENVIEW, IL 60026
UNITED STATES
Business Telephone Number
224-521-2700
Direct Owners and Executive Officers
PDQ ENTERPRISES LLC, OWNER
CESTARO, PASQUALE III (CRD#:1857399), CHIEF SALES OFFICER
MEADE, CHRISTOPHER HILARY (CRD#:2629159), CHIEF COMPLIANCE OFFICER
MEGENITY, BRIAN MCDONALD (CRD#:2889637), FINOP, PRINCIPAL FINANCIAL OFFICER, PRINCIPAL OPERATIONS OFFICER
OMALLEY, EDWARD GEORGE (CRD#:5090003), PRESIDENT AND REGISTERED PRINCIPAL
WALLACH, JASON JON (CRD#:4918286), CHIEF OPERATING OFFICER
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 Coda Markets 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
IMPERIAL INVESTMENTS LLC, IMPERIAL INVESTMENTS LTD., PB TRADE LTD, PDQ ATS, INC., IMPERIAL INVESTMENTS LLC, IMPERIAL INVESTMENTS LTD., PB TRADE LTD, PDQ ATS, INC.
