Western Securities

China

Western Securities is a Chinese investment bank providing a range of financial services including investment banking, securities underwriting, and advisory services. It has been referenced in relation to Nio's business projections.

CCI Score

-46.54

0.03% April 18

Latest Event

SEC Settlement for Reg BI Violations

The SEC announced a settlement in the case SEC v. Western International Securities, Inc. wherein the firm consented to a final judgment without admitting or denying violations of Reg BI related to the sale of high‐risk debt securities. The settlement mandates disgorgement and fines, highlighting serious lapses in ethical business practices.

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QUISLING

Western Securities is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

JUL

31

2024

SEC Settlement for Reg BI Violations
-37.23

The SEC announced a settlement in the case SEC v. Western International Securities, Inc. wherein the firm consented to a final judgment without admitting or denying violations of Reg BI related to the sale of high‐risk debt securities. The settlement mandates disgorgement and fines, highlighting serious lapses in ethical business practices.
-40

Business Practices and Ethical Responsibility

March 29

Western Securities (operating as or associated with Western International Securities, Inc.) agreed to a settlement after allegations of violating Reg BI through the sale of high‐risk debt securities. This resolution—with required fines and disgorgement—reflects unethical business practices that undermine regulatory integrity and investor protections.

SEC.gov | Western International Securities, et al.,
JUL

30

2024

SEC Settlement for Non-Compliant Day-Trading Options
-55.84

On July 30, 2024, the SEC reached a settlement with Western Securities, a dually registered investment adviser and broker-dealer, for allowing a former representative to engage in day-trading options that were deemed contrary to the best interests of retail customers.
-60

Business Practices and Ethical Responsibility

March 29

Western Securities allowed a former representative to pursue a day-trading strategy with options that the SEC found to be not in the best interests of retail customers. This breach of compliance and ethical responsibility highlights a failure to safeguard investor welfare, which undermines trust and proper business practices.

Reg BI Enforcement Intensifies: SEC Fines Western International Securities for Violating Care and Compliance Obligations