UPDATE 4/27/2015-FINRA censured Global Strategic investments and fined the firm $200,000 to resolve action discussed below.
September 18, 2014- Miami FL
FINRA Enforcement filed a complaint against Global Strategic Investments alleging that it failed to detect, investigate and report suspicious activity related to bond transactions and subsequent wire activity.
The complaint alleges that a new business line involving the liquidation of $650 million worth of Venezuelan bonds for correspondent accounts in Venezuela and Curacao, high -risk jurisdictions, generated the majority of its revenues and the firm failed to establish an adequate anti money laundering policy and its internal controls were not reasonably designed to comply with the Bank Secrecy Act.
To access the FINRA records for Global Strategic Investments, follow this link.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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