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Seaport Global Review
Seaport Global Securities is a New York institutional broker dealer for equity research, trading, and capital markets. It has paid three FINRA and exchange fines since 2020.
Min Deposit
N/A
Spreads From
Not applicable, Seaport Global does not quote retail style spreads
Max Leverage
Not applicable, Seaport Global does not offer leveraged retail trading accounts
Platforms
Institutional trading desk, Equity research portal
Pros
- SEC and FINRA registered broker dealer with a history back to 2002
- Part of a wider group with research, asset management, and global offices
- Uses established outside clearing firms like Pershing for client assets
- None of its three regulatory fines involved a fraud finding
Cons
- FINRA fined it $125,000 in 2024 for weak options desk supervision
- IEX and Nasdaq each fined it $10,000 in 2020 for weak order controls
- One 2020 control gap let an order priced near 500 percent above market through
- Not a retail broker, so there is no account, deposit, or spread here
Seaport Global Securities LLC was formed in Delaware in 2001 and has been registered with the SEC and FINRA since January 2002. It works for institutions and companies, covering equity research, trading, and capital markets, not individual retail accounts.
The firm sits inside Seaport Global Holdings, a group that also owns Seaport Research Partners, Seaport Global Asset Management, and related units in London, Hong Kong, Singapore, and Dubai. Seaport clears its trades through outside firms including Pershing and Mirae Asset Securities rather than holding client funds itself.
FINRA fined Seaport $125,000 in 2024 for weak supervision of its options desk between 2020 and 2021, after it cancelled and re booked four trades at worse prices for clients without proper review. In 2020, both IEX and Nasdaq fined the firm $10,000 each after weak order controls let one erroneous order through priced near 500 percent above the market. None of the three findings were for fraud.
Max Leverage
Not applicable, Seaport Global does not offer leveraged retail trading accounts
Spreads From
Not applicable, Seaport Global does not quote retail style spreads
Platforms
Regulators
- SEC (USA)
- FINRA
