Name and Shame
Name and Shame


NameandShame Author
The Smart Investor Feed
6th Jan, 2021

Unregistered Broker Cleared Transactions Worth Billions Of Dollars (No Joke!)

Today, The Smart Investor Feed brings you another morally reprehensible fraud.

Global Investment Strategy UK has been seized/arrested by the U.S. Securities And Exchange Commission (SEC). Shocking right?

We weren’t expecting this as well, but these scammers are getting smarter by the minute, making it harder for us to identify.

Such swindlers seem to be booming in numbers lately. This case is kind of interesting, why don’t I show you why:

Full Report On Global Investment Strategy UK

The Securities and Exchange Commission today charged Global Investment Strategy UK Ltd. (GIS), a London, UK-based financial services firm, for clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of the federal securities laws. The SEC also charged John William Gunn, its founder and principal, with aiding and abetting those violations.

According to the complaint, from at least 2015 through 2019, GIS-a financial firm located in the United Kingdom that has never been registered as a broker or dealer in the United States-provided clearance and settlement services to hundreds of U.S. customers for trades primarily between U.S. buyers and sellers and involving billions of dollars' worth of securities. The complaint alleges that GIS was acting as an unregistered broker by providing the clearance and settlement services for its U.S. customers, receiving transaction-based compensation for the trades, extending margin to its customers, holding customer funds and securities, and soliciting customers for its brokerage services. As alleged, by failing to register with the SEC, GIS avoided having to comply with the financial responsibility rules that apply to firms that provide clearance and settlement services to U.S. customers, including rules limiting the amount a customer can initially borrow from a broker-dealer to purchase an equity security. As set forth in the complaint, by clearing through GIS, a customer could purchase securities valued at 20 or 30 times the equity in the account. U.S. customers allegedly chose to clear their trades through GIS because of the increased leverage available, even though GIS purportedly charged higher per-trade fees than U.S. firms.

The SEC's complaint, filed in the Southern District of New York, charges GIS with violating the broker-dealer registration provisions of Section 15(a) of the Securities Exchange Act of 1934 and Gunn with aiding and abetting GIS's violations, and seeks injunctive relief and civil penalties.

Conclusion: Global Investment Strategy UK Is A Fraud

The report on SEC clearly suggests that Global Investment Strategy UK never had any intentions to do honest business or provide helpful services. Main intention behind all their actions was to take advantage of the honesty & gullibility of people and scam them. It would be an understatement to call this a mere fraud, this one is a scandal.

If you feel like you are a victim of this scam, then I recommend contacting a law firm and consulting with them about a lawsuit. Companies & firms pay huge reprimands to settle serious lawsuits.

Help Us Fight These Criminals

Do you have evidence against Global Investment Strategy UK or one of their associates, then please post it here. These criminals rely on their witnesses’ & victims’ silence, if you speak up, then they get exposed and punished for their horrific acts. I started The Smart Investor Feed on this site with only one purpose; to become a nightmare for the financial frauds in the country. I try to post often, so you can bookmark my profile for regular updates on frauds & con-artists.

Full Disclosure: We sourced this piece of information from the SEC database

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