September 9, 2021 Comments Off on Santander Investment Securities Inc. Censured & Fined  Blog, Securities Fraud

Santander Investment Securities Inc. Censured & Fined 

Santander Investment Securities Censured & Fined, featured by top securities fraud attorneys, The White Law Group

FINRA Sanctions Santander Investment Securities for Inaccurate Disclosures 

According to the Financial Industry Regulatory Authority (FINRA) on September 7, 2021, the regulator has censured and fined Santander Investment Securities (CRD #37216) $175,000 for inaccurate and omitted disclosures.  

Between January 2016 and August 2019, all equity and debt research reports published by Santander Investment Securities allegedly omitted required disclosures or included inaccurate disclosures, according to a Letter of Acceptance, Waiver and Consent 

Specifically, the firm reportedly published 411 equity research reports with a total of 656 disclosure omissions or inaccuracies. Between July 16, 2016 and August 2019, Santander reportedly published 60 debt research reports with a total of 333 disclosure omissions which were the result of the firm’s failure to establish and maintain a supervisory system reasonably designed to achieve compliance with FINRA’s disclosure requirements, as well as its failure to enforce its relevant written supervisory procedures, according to FINRA. 

Santander Investment Securities (Santander Securities), is a dually registered broker dealer and registered investment adviser headquartered in Dorchester, MA.  

This information is publicly available and provided to you by The White Law Group. 

Free Consultation with a Securities Attorney

If you are concerned about your investments, the securities attorneys at The White Law Group may be able to help you. For a free consultation, please call the offices at 888-637-5510. 

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. The firm represents investors throughout the country in claims against their brokerage firms. 

For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com. 

 

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