June 16, 2025
FINRA Fined
ChapmanAlbin is investigating claims on behalf of investors who may have suffered losses due to unsuitable recommendations or supervisory failures at Global Financial Services, L.L.C.
According to a recent FINRA disciplinary action, Global Financial has been censured and fined $50,000 for failing to establish and maintain a supervisory system reasonably designed to ensure compliance with Regulation Best Interest (Reg BI) and FINRA Rules. These violations occurred from June 2020 through at least early 2025.
FINRA found that the Houston-based brokerage firm failed to implement adequate written supervisory procedures regarding complex product recommendations, including volatility-linked exchange-traded products (ETPs). The firm also allegedly allowed recommendations of single foreign currency-denominated bonds at excessively high concentrations—posing risks that were inconsistent with their clients’ investment profiles.
As part of the settlement, Global Financial has agreed to certify that it has remediated the supervisory issues identified by FINRA.
If you or someone you know invested through Global Financial Services and have concerns about the handling of your investments, especially involving complex or high-risk products, contact ChapmanAlbin today. We are currently reviewing claims and may be able to help you recover investment losses.
Contact us now at chapmanalbin.com or call 1-877-410-8172 for a free consultation.
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