eld, New Jersey; New York, New York and Memphis, Tennessee. The company’s equity trading department focuses on providing best execution for equity and option orders for clients. The company also executes institutional portfolio trades. The company’s syndicate department, housed within its fixed income sales group, coordinates the distribution of managed and co-managed corporate equity underwritings, accepts invitations to participate in competitive or negotiated underwritings managed by other investment banking firms and allocates and markets its selling allotments to institutional clients and to other broker/dealers. BANKING The Banking segment offers traditional banking products and services through nine full-service banking centers with nine banking centers located in Texas, one located in each of Arlington, Dallas, El Paso, Fort Worth, Granbury, Southlake and Waxahachie, and one located in each of Albuquerque and Ruidoso, New Mexico. The company’s focus in business banking includes small business (SBA) lending. The Bank offers an array of deposit products, including checking, savings, money market and certificates of deposit. As a full-service lender, the Bank offers competitive rates and terms on business loans, as well as a full line of consumer loans. Customers have access to comprehensive Internet banking services and online bill payment. The Bank offers commercial loans, commercial real estate loans and consumer loans, primarily in Texas and New Mexico. The company’s mortgage purchase division purchases participations and sub-participations in newly originated residential loans (mainly 1-4 family residential loans) from various mortgage bankers nationwide. Regulations The company is under the jurisdiction of the Securities and Exchange Commission (SEC) and is subject to the disclosure and regulatory requirements of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’), as administered by the SEC. Also, under Section 404 of the Sarbanes-Oxley Act, the company is required to assess the effectiveness of its internal controls over financial reporting and to obtain an opinion from independent auditors regarding the effectiveness of internal controls over financial reporting. The company is regulated under the Savings and Loan Holding Company Act, as amended (the ‘SLHC Act’), and its subsidiaries that are not functionally regulated are subject to inspection, examination and supervision by the Federal Reserve Board. The Bank was regulated by the Office of Thrift Supervision (OTS). As of July 21, 2011, the Federal Reserve Board (FRB) began supervising and regulating SWS Group and SWS Banc Holdings, Inc. (SWS Banc). Regulation of the Securities Business: The company’s U.S. broker/dealer subsidiaries are registered as such with the SEC and FINRA. The company’s broker/dealer subsidiaries must also comply with the USA PATRIOT Act and other rules and regulations designed to fight international money laundering and to block terrorist access to the U.S. financial system. Certain activities of the company’s subsidiaries are regulated by the Commodity Futures Trading Commission and various commodity exchanges. The company’s futures business is also regulated by the National Futures Association, a registered futures association. Customers As of June 30, 2013, the company provided full-service securities brokerage to approximately 57,000 client accounts and clearing services to approximately 105,000 additional client accounts. It also provided deposit and loan services to approximately 96,000 customers through the Bank and its subsidiaries, which included approximately 91,000 Southwest Securities’ customer accounts. Trademarks The company owns various registered trademarks and service marks, including ‘Southwest Securities,’ ‘SWS,’ ‘SWS Financial,’ ‘Southwest Securities, FSB,’ and ‘SWS Group’. History SWS Group, Inc. was founded in 1972.
sws group inc (SWS:New York)
1201 Elm Street
Dallas, TX 75270
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