Dallas-based Southwest Securities agreed to pay a $77,500 fine and restitution to investors to settled FINRA charges that it charged investors too much money for bond trades. Those charges are known as markups and markdowns and generally have not been disclosed to investors. The lack of disclosure has allowed many brokerage firms to line their pockets at investors’ expense. FINRA also found that Southwest’s supervisory system was inadequate to stop the practice of charging unfair and unreasonable prices on bond trades. A recent study shows that the form of securities fraud has happened on a broad scale, amounting to billions of dollars of excessive charges to investors.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182