UPDATE 4/11/2020: According to FINRA’s February 2020 Disciplinary Actions: “SG Americas Securities, LLC (CRD #128351, New York, New York) December 19, 2019 – An AWC was issued in which the firm was censured and fined $30,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that employees on one of its trading desks entered invalid locate codes into the firm’s order management systems in connection with short sales involving exchange traded fund (ETF) shares. The findings stated that this caused the firm to violate Regulation SHO of the Securities Exchange Act because it was unable to determine that it would be able to borrow the securities. It also caused the firm to maintain inaccurate records. Nevertheless, none of the transactions resulted in the firm’s failure to deliver any of the securities and, after learning of and investigating the misconduct, it enhanced its internal processes and systems. (FINRA Case #2014042525201)”
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with SG Americas Securities. If you suffered losses investing with SG Americas Securities, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
SG Americas Securities (CRD# 128351) (SEC# 8-66125)
As of April 4, 2020, SG Americas Securities’s FINRA BrokerCheck Report contains the following:
95 Regulatory Event Disclosures
1 Civil Event Disclosures
1 Arbitration Disclosures
Main Office Location
245 PARK AVENUE
NEW YORK, NY 10167
Mailing Address
245 PARK AVENUE
NEW YORK, NY 10167
Business Telephone Number
212-278-6000
Direct Owners and Executive Officers
SG AMERICAS SECURITIES HOLDINGS, LLC, DIRECT OWNER
CULLEN, EDWARD PATRICK (CRD#:1551615), PRINCIPAL FINANCIAL OFFICER
DESPOUX, JEAN FRANCOIS (CRD#:6116935), CO-CHIEF EXECUTIVE OFFICER/HD OF COV/CAP RAIS/FIN
GACON, SEBASTIEN JEAN ROGER (CRD#:6056492), REGISTERED OPTIONS PRINCIPAL/SECURITIES TRADER PRINCIPAL
HUBBERT, JAMES MICHAEL (CRD#:3066659), CHIEF COMPLIANCE OFFICER
MUSTAPHA, HATEM (CRD#:6487941), CO-CHIEF EXECUTIVE OFFICER
WALSH, MICHAEL PATRICK (CRD#:1060871), PRINCIPAL OPERATIONS OFFICER
ZIELINSKI, GREGORY W (CRD#:2384242), 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 SG Americas Securities 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.
