Did you suffer investment losses with Comhar Capital Markets (CRD# 47955) (SEC# 8-51969)?
Galvin Legal, PLLC is launching an investigation to determine whether any investors may have suffered losses investing with Comhar Capital Markets. If you suffered losses investing with Comhar Capital Markets, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
ACS Global Holdings, LLC is a holding company that owns 100% of Comhar Capital Markets, as well as 100% of ACS Execution Services, LLC.
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 July 7, 2020, Comhar Capital Markets’s FINRA BrokerCheck Report contains the following:
3 Regulatory Event Disclosures
Initiated By: CHICAGO BOARD OPTIONS EXCHANGE
Current Status: Final
Allegations: GLP, LLC (“GLP”), AN EXCHANGE TPH ORGANIZATION, WAS CENSURED AND FINED $10,000 FOR THE FOLLOWING CONDUCT. GLP (I) ON NUMEROUS OCCASIONS, FAILED TO GRANT PRIORITY TO THE HIGHEST BID AND/OR LOWEST OFFER WHEN SUCH BID OR OFFER WAS AVAILABLE AND, ON NUMEROUS OCCASIONS, FAILED TO USE DUE DILIGENCE TO EXECUTE ORDERS AT THE BEST PRICES AVAILABLE; AND (II) FAILED TO ASSURE COMPLIANCE WITH EXCHANGE RULES 6.45B AND 6.73. IN ACCEPTING THIS LETTER OF CONSENT, THE BUSINESS CONDUCT COMMITTEE CONSIDERED AMONG OTHER THINGS, THE TOTAL NUMBER OF EXCEPTIONS INVOLVED IN THE CONDUCT DESCRIBED ABOVE. (EXCHANGE RULES 4.2 – ADHERENCE TO LAW, 6.45B – PRIORITY AND ALLOCATION OF TRADES IN INDEX OPTIONS AND OPTIONS ON ETFS ON THE CBOE HYBRID SYSTEM, AND 6.73 – RESPONSIBILITIES OF FLOOR BROKERS)
Date Initiated: 09/23/2014
Docket/Case Number: 14-0085
Principal Product Type: Options
Principal Sanction(s)/Relief Sought: Civil and Administrative Penalt(ies) /Fine(s)
Resolution: Consent
Resolution Date: 11/05/2014
Sanctions ordered: Censure, Monetary/Fine $10,000.00
Sanction Details: A $10,000 FINE AND A CENSURE
Initiated By: CHICAGO BOARD OPTIONS EXCHANGE
Current Status: Final
Allegations: GLP, LLC (“GLP”), A CBOE TRADING PERMIT HOLDER, WAS CENSURED AND FINED $20,000 FOR THE FOLLOWING CONDUCT: I) GLP FAILED TO DESIGNATE A CHIEF COMPLIANCE OFFICER ON SCHEDULE A OF FORM BD IN A TIMELY MANNER; II) GLP FAILED TO MAINTAIN ITS EMAIL COMMUNICATIONS AND ELECTRONIC FINANCIAL STATEMENTS IN A WORM FORMAT; AND III) GLP FAILED TO MAINTAIN ADEQUATE WRITTEN SUPERVISORY PROCEDURES. (CBOE RULES 3.6A, 4.2 AND 15.1; AND SECTION 17(A) OF SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED AND RULE 17A-4 THEREUNDER)
Date Initiated: 12-0046
Principal Product Type: Options
Principal Sanction(s)/Relief: Civil and Administrative Penalt(ies) /Fine(s)
Resolution: Decision
Resolution Date: 08/28/2012
Sanctions Ordered: Censure, Monetary/Fine $20,000.00
Sanctions Details: A TWENTY THOUSAND DOLLAR ($20,000) FINE, A CENSURE.
Initiated By: CHICAGO BOARD OPTIONS EXCHANGE
Current Status: Final
Allegations: YUKON TRADING, LLC, AN EXCHANGE MARKET-MAKER ORGANIZATION WAS CENSURED AND FINED $5,000 FOR THE FOLLOWING CONDUCT. YUKON OVERSTATED ITS NET CAPITAL BY APPROXIMATELY 72%. (CBOE RULES 4.1 – JUST AND EQUITABLE PRINCIPLES OF TRADE, 4.2 – ADHERENCE TO LAW AND 11.1 – EXERCISE OF OPTION CONTRACTS)
Date Initiated: 03/17/2008
Docket/Case Number: 08-0026
Principal Product Type: Options
Principal Sanction(s)/Relief Sought: Civil and Administrative Penalt(ies) /Fine(s)
Resolution: Decision & Order of Offer of Settlement
Resolution Date: 09/23/2008
Sanctions Ordered: Censure, Monetary/Fine $5,000.00
Sanction Details: A $5,000 FINE AND A CENSURE
Main Office Location
311 S. WACKER DRIVE
SUITE 2280A
CHICAGO, IL 60606
UNITED STATES
Mailing Address
311 S. WACKER DRIVE
SUITE 2280A
CHICAGO, IL 60606
UNITED STATES
Business Telephone Number
872-205-0190
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.
Comhar Capital Markets’s Direct Owners and Executive Officers
ACS GLOBAL HOLDINGS, LLC, SOLE MEMBER
DEROLF, MARK KENNETH (CRD#:1924355), CHIEF COMPLIANCE OFFICER
LANG, TIMOTHY JUDE (CRD#:1109356), CEO & RISK MANAGER
MURPHY, KRISTEN (CRD#:2287252), FINANCIAL OPERATIONS PERSON (FINOP)
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 Comhar Capital 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
GLOBAL LIQUIDITY EXECUTION SERVICES, LLC, GLP, LLC, SHEEHAN, ROBERT CHARLES, YUKON TRADING, LLC, GLOBAL LIQUIDITY EXECUTION SERVICES, LLC, GLP, LLC, SHEEHAN, ROBERT CHARLES, YUKON TRADING, LLC
