The database
Broker records
2,290 records on file, newest first
The firm’s best execution committee reviewed reports showing lower fill rates in SuperX compared to orders routed to exchanges. Despite this information
Read the record →
When routing to dark pools
other dark pools consistently ranked higher than SuperX for execution quality.
Read the record →
Additionally
Read the record →
The firm also failed to disclose material aspects of its relationships with markets in its quarterly Rule 606 reports
Read the record →
Best execution is a fundamental broker-dealer obligation requiring firms to seek the most favorable terms reasonably available for customer orders. This case demonstrates that firms cannot prioritize routing to proprietary systems over achieving best execution for customers.
Read the record →
Alpine Securities Expelled and Ordered to Pay $2.3 Million Restitution for Converting Customer Funds
and by moving securities from customer accounts to abandoned securities accounts without authorization because it improperly identified accounts as abandoned"; and the firm executed an unauthorized capital withdrawal.,
$2,300,000 Read the record →
The decision cited multiple examples demonstrating that customers did not authorize the firm’s transfers of their securities or seizures of cash to cover the $5
let alone that the firm was taking their cash and securities to cover it.,
$5 Read the record →
Phillip Curtis Anderson Suspended for Failure to Comply with FINRA Arbitration Award
Suspe
Read the record →
Philip Leo Gazzo Suspended for Failure to Comply with FINRA Arbitration Award
Suspended for failure to comply with FINRA arbitration award or related settlement pursuant to FINRA Rule Series 9554
Read the record →
Luke Lannister Suspended for Failure to Comply with FINRA Arbitration Award
Suspended for failure to comply with FINRA arbitration awards or
Read the record →