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Broker Complaints: Susquehanna Investment Group (CRD# 35865)

Stock fraud attorneys at Fitapelli Kurta are interested in speaking to investors who have complaints against Susquehanna Investment Group or its brokers.

Susquehanna Investment Group is a broker-dealer firm formed in Pennsylvania in 1987. Susquehanna Investment Group’s main office is located at 401 City Ave, Suite 220 Bala Cynwyd, Pennsylvania 19004. Susquehanna Investment Group is registered with both the SEC and FINRA.

Susquehanna Investment Group has a history of customer complaints and FINRA violations against both itself and its brokers.

In September 2008, Susquehanna Investment Group was fined 20,000 for failing to maintain continuous quotes of all series of the option class lsitedn on the Exchange until the end of the trading day.

In October 2009, Susquehanna Investment Group was fined $65,000 when FINRA alleged Susquehanna Investment Group and its sister company, Susquehanna Securities violated various FINRA Rules. Specifically, Susquehanna Investment Group and Susquehanna Securities failed to execute orders upon presentment, or executed orders at prices that were inferior to the market price.

In May 2009, Susquehanna Investment Group’s was fined $40,000 for failing to execute incoming orders for various option series at the disseminated price in an amount up to the disseminated size.

In March 2009, Susquehanna Investment Group was fined $1.27 million and ordered to pay $6.37 million to the SEC. According to Susquehanna Investment Group’s BrokerCheck Report, Susquehanna Investment Group failed to match executable customer orders and instead filed orders from its owns account. Susquehanna Investment Group’s actions violated its basic obligation as a broker-dealer to put its customer’s orders before its own proprietary interests.

In August 2007, Susquehanna Investment Group was fined $20,000 for failing to ensure that off-floor orders were initiated by legitimate, effective participants, failing to adequately supervise their risk manager in order to assure compliance with the Exchange Rules.

In January 2007 Susquehanna Investment Group was fined $50,000 and ordered it to implement written procedures to ensure that each option series is opened on time and quotes are immediately and continuously disseminated.

If you or someone you know has fallen victim to the financial misconduct, or have a complaint against Susquehanna Investment Group, Susquehanna, Financial Group, Susquehanna Securities, Susquehanna Capital Group, or one of their brokers, you may be entitled to full recovery of your losses. Many investors do not realize it, but the law provides investors with a path of recovery by way of arbitration through the Financial Industry Regulatory Authority (FINRA).

The law firm of Fitapelli Kurta prosecutes cases before FINRA arbitration panel for investors nationwide who have been victimized by broker-dealer firms like Susquehanna Investment Group, Susquehanna, Financial Group, Susquehanna Securities, and Susquehanna Capital Group. The time to file a claim with FINRA is limited, so do not delay. Call 212-568-1502 now to speak directly to an attorney and discuss the merits of your case for free.

Call now.