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.

You don’t have to let investment giants get away with robbery. For every Goliath, our firm provides a David. Contact our firm for a free case evaluation.

The Meyer Wilson Way

Results-Focused Representation
  • More than $350,000,000 Recovered
  • Voted Best Lawyers in America┬« for over Ten Years Running
  • David Meyer is the Immediate Past-President of Public Investors Advocate Bar Association (PIABA)
  • Over a Thousand Investor Claim Cases Since 1999
  • Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
  • Deep Bench of Skilled Attorneys and Staff Members

We Recover Investment Losses

Helping You Take Back What Is Yours
  • Jury Verdict Won Against Prudential Securities $262 Million
  • Recovered for 100-Year Old Widow $30 Million
  • Recovered in Retirement Losses $10 Million
  • Recovered for a Large Group of Individual Investors $6.5 Million
  • Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
  • Recovered for Elderly Ponzi Scheme Victim $3.2 Million
  • Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
  • Recovered for 35 Families in Northeast Ohio $3.1 Million
  • Losses Recovered for 20 Retirees $3 Million
  • Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million

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