December 5, 2014
BB&T Securities, LLC (formerly Clearview Correspondent Services) recently agreed to a censure and to pay of fine of $1 million to the Financial Industry Regulatory Authority (FINRA).
The agreement was made to resolve FINRA allegations that ,between May 2010-August 2014, BB&T failed to properly report options positions in reports that are designed to identify holders of large positions who may be attempting to manipulate the market or otherwise violate securities rules and regulations.
FINRA Case#20110275374. Access settlement agreement here.
According to FINRA records, BB&T Securities operates, or has operated under the following alternative names:
- BB&T CAPITAL MARKETS, A DIVISION OF BB&T SECURITIES
- BB&T CAPITAL MARKETS/WINDSOR GROUP
- BB&T SCOTT & STRINGFELLOW
- CLEARVIEW CORRESPONDENT SERVICES, LLC
Rex Securities Law , located in Boca Raton, FL, 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. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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