Call Now For a Free Consultation:
(614) 502-6165

Southwest Securities

Consult with Our Legal Team
There is never a cost associated with a consultation
Brokerage Firms
For The Advocacy You Deserve Contact Us Today!
We’ll respond and let you know the best way to proceed with your case.

Southwest Securities

Our Investment Fraud Lawyers Fight on Your Behalf

Established in Dallas, Texas in 1972, Southwest Securities, Inc. is a subsidiary of SWS Group, Inc. Southwest Securities is now a member firm of the New York Stock Exchange and the largest Texas-based broker-dealer. As a full-service brokerage firm, Southwest Securities sells insurance, securities, and other investment products and services and provides managed accounts to individual investors and small businesses.

Licensed by the Financial Industry Regulatory Authority (FINRA), Southwest Securities is obligated to create systems of supervision and oversight over their representatives. These systems ensure that Southwest brokers are acting in their clients’ interests within the confines of the law. When oversight fails and brokers violate regulations in ways that cause damages to investor assets, firms can be held legally liable to reimburse losses.

Disciplinary History

Southwest Securities unfortunately has a significant history of regulation violation and abuse of trading laws. Their behavior of this kind often results in massive losses or defrauding for clients. Some significant disciplinary actions in Southwest Securities’ history includes illegal activity and outright deception to both clients and legal authorities.

Not Disclosing Available Discounts

Some mutual funds have discounts available to investors, but many of these discounts went unreported to clients at Southwest Securities, despite their moral and legal obligation to act in the clients’ interests. In an investigation of their accounts, it was found that over 90% of Southwest Securities mutual fund investors were entitled to discounts that they were never notified about.

The lack of discounts allowed brokers to receive higher commissions at the expense of their customers. Southwest was forced to pay out to their clients the amount they would have received under the discounts that were hidden from them.

Illegal Late Trading

Trading after the markets close is known as “late trading,” and it allows brokers to take advantage of end-of-day prices without reporting any loss in shared value to investors. In short, brokers rob existing investors in order to draw new ones in. Southwest Securities paid $10 million in fines for deceptive late trading, in addition to fines levied against three senior officers at Southwest Securities.

Meyer Wilson: Help for Investor Claims

Our investment fraud attorneys are prepared to step in on your behalf and fight for your lost assets. We do not believe that investment firms should be able to get away with profiting at your expense, and we do not let them. our firm recovered over $350 million for our clients from brokerage firms. Let our experienced, aggressive attorneys use our extensive resources to fight for you. Our firm practices in all 50 states, representing clients both here and abroad against U.S. investment firms. We conduct claims in state and federal courts, as wells as in arbitration with FINRA and the American Arbitration Association.

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
crosschevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram