Avenue Securities LLC

10/27/2025: Between April 2022 and October 2024, Avenue Securities LLC provided customers approximately 21,000 confirmations for fixed-income transactions with inaccurate markup/ mark-down information. As a result, Avenue violated Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rule 17a-3(a)(8), and FINRA Rules 2232, 4511, and 2010. From April 2022 to July 2025, Avenue also failed to establish and maintain a supervisory system, including written procedures, reasonably designed to achieve compliance with confirmation requirements. In particular, between June 2023 and October 2024, the firm failed to reasonably investigate and respond to red flags that its customer confirmations included inaccurate information. As a result, Avenue violated FINRA Rules 3110 and 2010. For these violations, Avenue is censured and fined $100,000.

Reference 2022076239801data-portal.finra.orgfinra.org

01/22/2025: From January 2020 through March 2023, Avenue Securities, through its affiliated companies, provided advertising materials and marketing to customers in Brazil. On behalf of Avenue and its affiliated companies, those affiliates paid individuals with followings on social media sites (commonly known as “influencers”) to promote the firm in social media communications. Avenue Securities, through its affiliates, assisted in providing guidance to influencers about how to promote the Avenue brand. The content of the social media communications influencers posted on the firm’s behalf was not fair and balanced or made claims that were promissory or misleading. Therefore, the firm violated FINRA Rules 2210(d)(1), 2210(g), and 2010.

Reference 2021072581901data-portal.finra.orgfinra.org