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Written by 7:13 am Blog, Securities Fraud Articles

Anderson & Strudwick fined and censured by FINRA

FINRA recently announced that Anderson & Strudwick (a FINRA broker-dealer based in Richmond, Virginia ) has been fined $10,000 and ordered to pay restitution to investors. Without admitting or denying the findings, Anderson & Strudwick consented to the entry of findings that it accepted and held customer market orders, traded for its own account at prices that would have satisfied the customer market orders, and failed to immediately thereafter execute the customer market orders. The findings further stated that, for some orders, Anderson & Strudwick failed to immediately thereafter execute the customer market orders up to the size and at the same price at which it traded for its own account or at a better price.

This is far from the first time that Anderson & Strudwick has been investigated by a regulatory agency for possible securities violations or securities fraud. According to the firm’s FINRA Broker Report (CRD), Anderson & Strudwick has been the subject of at least 18 regulatory investigations and one customer complaint for violations of securities laws.

If you have questions about investments you made with Anderson & Strudwick, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office ate 312-238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, visit https://whitesecuritieslaw.com

Tags: , , , , , , , , , Last modified: February 27, 2023