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Litigation Release No. 24996 / December 23, 2020
Securities and Exchange Commission v. Global Investment Strategy UK Ltd. and John William Gunn, No. 1:20-cv-10838 (S.D.N.Y. filed December 22, 2020)
The Securities and Exchange Commission today charged Global Investment Strategy UK Ltd. (GIS), a London, UK-based financial services firm, for clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of the federal securities laws. The SEC also charged John William Gunn, its founder and principal, with aiding and abetting those violations.
According to the complaint, from at least 2015 through 2019, GIS-a financial firm located in the United Kingdom that has never been registered as a broker or dealer in the United States-provided clearance and settlement services to hundreds of U.S. customers for trades primarily between U.S. buyers and sellers and involving billions of dollars worth of securities. The c ....

New York , United States , United Kingdom , City Of , Sharmila Matugama , Nicholas Brady , Marianne Olson , James Burt , Thomas Mcgowan , Carina Chambarry , Randall Roy , Sheila Swartz , Michael Barnes , Kathleen Dolan , Lara Shalov Mehraban , John William Gunn , Joanne Rutkowski , Peter Lamore , David Stoelting , Shauna Sappington , Exchange Commission , Financial Conduct Authority Of The United Kingdom , Global Investment Strategy United Kingdom Ltd , Office Of International Affairs , Securities Exchange , Division Of Trading ,