StoneX Financial Investigation
July 2023 -Winter Park, FL
According to FINRA records, StoneX Financial discloses 60 sanctions imposed by securities regulators in the United States as well as several other countries around the globe.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
StoneX Financial (formerly known as INTL FCStone), a FINRA registered broker dealer, is a subsidiary of StoneX Group, Inc, a publicly traded company (SNEX). . According to their website, StoneX Group, Inc. is an American financial services company which operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing/execution services.
Sanctions imposed by securities regulators include:
- 6/2023-Korean Financial Services Commission assesses fine for violations of short trading rules
- 3/2023-Chicago Mercantile Exchange (CME) assesses $100,000 fine for violating customer gross margining overview requirements
- 1/2023- Chicago Mercantile Exchange assesses $50,000 fine violation of CME rules
- 7/2022- Ice Futures US- Monetary fine and disgorgement of $650,606 for engaging in pre-hedging
- 12/2021- Minneapolis Grain Exchange (MGEX) Disciplinary Committee assesses fine of $25,000 misreporting futures contracts
- 11/2021- FINRA assesses $60,000 fine for failure to properly report OTC order
If you have losses in an with StoneX Financial, contact us for a no charge consultation to learn how you may be entitled to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors worldwide who are seeking recovery of investment losses due to the negligence or fraud of FINRA registered 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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