Haywood Securities Inc.

Regulator action

United States. Named in 3 sanctions listings.

Sanctions and listings3

Official designation
Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States
11/22/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E3B2004021901 TO: Department of Enforcement NASD RE: Haywood Securities (USA) Inc., Respondent Member CRD No. 42072 and David Brian Elliott, Respondent Canada Limited Registered Representative CRD No. 2814225 and John David Shepherd, Respondent General Securities Principal CRD No. 2814215 and Nancylee Girling, Respondent Canada Limited Registered Representative CRD No. 3185670 Pursuant to Rule 9216 of NASD Code of Procedure, Respondents submit this Letter of
Reference E3B2004021901finra.org data-portal.finra.org
Official designation
Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States
09/28/2026: Between January 2018 and April 2024, Haywood failed to accurately compute its required customer reserve, as required by Section 15(c)(3) of the Securities Exchange Act of 1934 and Exchange Act Rule 15c3-3, resulting in at least 36 hindsight deficiencies. The firm's inaccurate customer reserve computations also caused the firm to maintain inaccurate books and records. As a result, Haywood violated Sections 15(c)(3) and 17(a) of the Exchange Act, Exchange Act Rules 15c3-3, 17a-3, and 17a-4, and FINRA Rules 4511 and 2010. During this same period, Haywood failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with the customer reserve requirements of Exchange Act § 15(c)(3) and Exchange Act Rule 15c3-3. As a result, Haywood violated FINRA Rules 3110 and 2010. For these violations, Haywood is censured and fined $275,000.
Reference 2023077020901data-portal.finra.org finra.org
Official designation
Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States
11/13/2023: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019061852801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Haywood Securities (USA) Inc. (Respondent) Member Firm CRD No. 42072 Pursuant to FINRA Rule 9216, Respondent Haywood Securities (USA) Inc. ("Haywood USA") submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.
Reference 2019061852801data-portal.finra.org finra.org

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