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Securities Arbitration Attorneys Our FINRA arbitration lawyers work with investors to recover losses caused by securities fraud, investment fraud, and other kinds of stockbroker misconduct.

COR Clearing

COR Clearing, LLC Agrees to Exit Penny Stock Deposit Business

COR Clearing (“COR”) is a registered broker-dealer headquartered in Omaha, Nebraska. COR primarily earns it revenues from clearing and settlement of securities for the customers of approximately 80 introducing broker-dealers. Some of COR’s current and former introducing broker-dealers include:

According to the SEC Order, in 2016, COR was the second largest brokerage firm in terms of the dollar amount of shares deposited with a price of $1 per share or less at the Depository Trust and Clearing Corp.

According to the SEC Order, COR’s low-priced security frequency alert at times failed to generate all the alerts it was supposed to generate. Moreover, at times, COR’s AML software lacked a process or procedure for monitoring suspicious conduct with respect to trades in low-priced securities made by introducing firms customers across several securities or within certain date ranges.

Our attorneys are investigating activities relating to low-priced securities including improper sales practices, excessive trading and churning. Investors may be able to recover their losses through securities arbitration.

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