Credit Suisse Securities Investment Attorney

The securities attorneys at Gana LLP represent customers in disputes with brokerage firms, such as Credit Suisse Securities (USA) LLC (Credit Suisse). Our firm focuses its practice on investigating and uncovering evidence of financial wrongdoing including securities fraud, unsuitable investment strategies, misleading statements, excessive trading, and breach of fiduciary duties.

Credit Suisse is affiliated with, under common control, or otherwise performs business under the company names Credit Suisse (Bermude) Limited, Credit Suisse First Boston Limited, Credit Suisse Asset Management Limited, and Credit Suisse Prime Securities Services (USA) LLC.

Credit Suisse Group AG is a Switzerland multinational financial services firm. The company is organized with four divisions including investment banking, private banking, asset management, and a shared services group.

Credit Suisse – By the Numbers:

  • CRD# 816
  • SEC# 8-422
  • 211 Regulatory Events
  • 9 Customer Complaints
  • Revenue: $27.05 billion
  • Net income: $2.05 billion
  • Total assets: $1.12 trillion
  • Employees: 47,400 – 2012

Credit Suisse – In the News:

FINRA v. Credit Suisse Securities (USA) LLC, AWC No. 2008012808901 – The Financial Industry Regulatory Authority (FINRA) fined Credit Suisse Securities (USA) LLC $4.5 million for misrepresenting delinquency data and inadequate supervision in connection with the issuance of residential subprime mortgage securitizations (RMBS). FINRA found that in 2006, Credit Suisse misrepresented the historical delinquency rates for 21 subprime RMBS it underwrote and sold.

SEC v. Credit Suisse Securities (USA) LLC, et al, SEC Release No. 9368 – The SEC settled charges with J.P. Morgan Securities LLC and Credit Suisse Securities (USA) concerning misleading investors in offerings of residential mortgage-backed securities (RMBS). The firms agreed to a combined settlement to pay more than $400 million and the SEC stated that it would distribute the money to harmed investors.

FINRA v. Credit Suisse Securities (USA) LLC, AWC No. 20080144512 – FINRA fined Credit Suisse Securities (USA) LLC $1.75 million concerning allegations of violations of Regulation SHO (Reg SHO) and failing to properly supervise short sales of securities and marking of sale orders. FINRA alleged that Credit Suisse entered millions of short sale orders without reasonable grounds to believe that the securities could be borrowed and delivered and mismarked thousands of sales orders.

The investment attorneys of Gana LLP litigated hundreds of securities disputes against investment firms that have taken advantage of their clients. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.