PS
Prakash C. Shahani
HSBC SECURITIES (USA)
New York, NY 10001
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CRD#: 4211906
PS
Professional summary
Prakash Chandru Shahani, CFA, who also goes by Prakash Shahani, is a registered financial advisor currently at HSBC SECURITIES (USA) INC. located in New York, New York.
Prakash is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2000. Prakash has worked at 5 firms and has passed the Series 66, SIE, Series 31, Series 7 and Series 24 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Prakash Shahani
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
I currently have a second home that I use as a rental property.
1.The name of the other business - Real Estate
2.Whether the business is investment-related - Second home used as rental property
3.The address of the other business- 55 Gill LAne # 29, Iselin NJ-08830
4.The nature of the other business - Second home
5.Your position - Owner
6.Title - Owner
7.Relationship with the other business - Owner
8.The start date of your relationship -02/01/2016
9.The approximate number of hours/month you devote to the other business-0
10.The number of hours you devote to the other business during securities trading hours-0
11.Briefly describe your duties relating to the other business- None, except arranging for repair men when something breaks down.
1. The name of the other business #2 Warehousing for storing merchandise ( dollar stores and general gift merchandise )-Shahani LLC
2. Whether the business is investment-related -NO
3. The address of the other business -356 W 1 Ave Roselle , NJ 07203
4. The nature of the other business -Warehousing for storing merchandise ( dollar stores and general gift merchandise )
5. Your position - Passive partner
6. Title - Passive partner
7. Relationship with the other business - none
8. The start date of your relationship -3-1-2017
9. The approximate number of hours/month you devote to the other business -0
10. The number of hours you devote to the other business during securities trading hours -0
11. Briefly describe your duties relating to the other business-none
Dual hatted as a Bank Officer for HSBC Bank (USA) N.A., an affiliate of HSBC Securities (USA) Inc., engaging in the sale of bank related products and services. This position will be in conjunction with my current role as a registered representative with HSBC Securities (USA) Inc.
CRS (Client Relationship Summary) - RIA
Click below to view Prakash Chandru Shahani's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Prakash Chandru Shahani's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
Experience
Current
December 3, 2015 - Present
HSBC SECURITIES (USA) INC.
Office #1: 66 Hudson Boulevard 1st And 3rd Floors, New York, NY 10001RIA
BD
CRD#: 19585
New York, NY
Current
December 1, 2015 - Present
HSBC SECURITIES (USA) INC.
Office #1: 66 Hudson Boulevard 1st And 3rd Floors, New York, NY 10001RIA
BD
CRD#: 19585
New York, NY
Past
November 12, 2013 - November 11, 2015
SANTANDER SECURITIES LLC
RIA
CRD#: 41791
NEW YORK, NY
Past
October 14, 2013 - November 11, 2015
SANTANDER SECURITIES LLC
BD
CRD#: 41791
NEW YORK, NY
Past
May 29, 2007 - July 26, 2013
CITIGROUP GLOBAL MARKETS INC.
RIA
CRD#: 7059
NEW YORK, NY
Past
May 29, 2007 - July 26, 2013
CITIGROUP GLOBAL MARKETS INC.
BD
CRD#: 7059
NEW YORK, NY
Past
October 28, 2004 - May 29, 2007
CITICORP INVESTMENT SERVICES
RIA
CRD#: 23988
NEW YORK, NY
Past
May 1, 2002 - May 29, 2007
CITICORP INVESTMENT SERVICES
BD
CRD#: 23988
NEW YORK, NY
Past
August 18, 2000 - April 29, 2002
MORGAN STANLEY DW INC.
BD
CRD#: 7556
PURCHASE, NY
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
HS
HSBC SECURITIES (USA) INC.
CARROLL MCENTEE & MCGINLEY INCORPORATED | INVESTDIRECT | HSBC SECURITIES, INC. | HSBC SECURITIES (USA) INC.
CRD#: 19585 / SEC#: 801-64563, 8-41562
RIA
Registered Investment Advisory firm - SEC (8/30/2005 Approved)BD
Broker-Dealer Firm Regulated by FINRA (New York district office)
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Alabama(1/4/2018)
RR
Alaska(1/8/2018)
RR
Arizona(1/8/2018)
RR
Arkansas(1/4/2018)
RR
California(2/22/2016)
RR
Connecticut(3/10/2017)
RR
Delaware(1/18/2018)
RR
District of Columbia(1/9/2018)
RR
Florida(10/27/2017)
RR
Georgia(3/8/2017)
RR
Idaho(1/9/2018)
RR
Illinois(5/10/2021)
RR
Indiana(1/5/2018)
RR
Iowa(8/11/2017)
RR
Kansas(1/4/2018)
RR
Louisiana(4/25/2018)
RR
Maine(1/5/2018)
RR
Maryland(1/4/2018)
IAR
Maryland(10/8/2019)
RR
Michigan(1/5/2018)
IAR
Minnesota(8/11/2016)
RR
Minnesota(10/17/2016)
RR
Mississippi(1/4/2018)
RR
Missouri(3/3/2016)
RR
Nevada(2/2/2018)
RR
New Jersey(12/1/2015)
IAR
New Jersey(12/3/2015)
RR
New Mexico(1/3/2018)
RR
New York(12/1/2015)
IAR
New York(7/13/2021)
RR
North Carolina(1/9/2018)
IAR
North Carolina(10/14/2021)
RR
North Dakota(1/12/2018)
RR
Ohio(1/4/2018)
RR
Oklahoma(1/16/2018)
RR
Pennsylvania(1/4/2018)
RR
Puerto Rico(1/12/2018)
RR
Rhode Island(1/8/2018)
RR
South Carolina(1/18/2018)
IAR
South Carolina(10/18/2021)
RR
South Dakota(1/9/2018)
RR
Texas(1/4/2018)
IAR
Texas(5/1/2021)
RR
Virgin Islands(1/9/2018)
RR
Virginia(3/7/2017)
RR
Washington(3/10/2025)
RR
West Virginia(1/25/2018)
RR
Wisconsin(1/22/2018)
RR
Wyoming(1/11/2018)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
SRO Registrations
RR
Cboe BYX Exchange, Inc.
SRO Registrations
RR
Cboe BZX Exchange, Inc.
SRO Registrations
RR
Cboe EDGA Exchange, Inc.
SRO Registrations
RR
Cboe EDGX Exchange, Inc.
SRO Registrations
RR
Cboe Exchange, Inc.
SRO Registrations
RR
FINRA
SRO Registrations
RR
Investors' Exchange LLC
SRO Registrations
RR
NYSE American LLC
SRO Registrations
RR
NYSE Arca, Inc.
SRO Registrations
RR
Nasdaq BX, Inc.
SRO Registrations
RR
Nasdaq ISE, LLC
SRO Registrations
RR
Nasdaq PHLX LLC
SRO Registrations
RR
Nasdaq Stock Market
SRO Registrations
RR
New York Stock Exchange
Current Firm
HS
HSBC SECURITIES (USA) INC.
CARROLL MCENTEE & MCGINLEY INCORPORATED | INVESTDIRECT | HSBC SECURITIES, INC. | HSBC SECURITIES (USA) INC.
CRD#: 19585 / SEC#: 801-64563, 8-41562
RIA
Registered Investment Advisory firm - SEC (8/30/2005 Approved)BD
Broker-Dealer Firm Regulated by FINRA (New York district office)
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Contact information
Main Address
66 Hudson Boulevard, New York, NY 10001
Mailing Address
227 West Monroe Suite 1810, Chicago, IL 60606
Phone number
(224) 880-8555
Established
Delaware since 12/31/1969
Firm type
Corporation
Fiscal year end
December
Firm Size
Large
# of Employees
473
SEC notice filing (53 States and Territories)
FINRA licenses (53 States and Territories)
Documents
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| HSBC MARKETS (USA), INC. | PARENT | |
| BENDER, SETH P | GENERAL COUNSEL | 4547812 |
| BUSCAGLIA, SARA FAYE | DIRECTOR | 4884059 |
| HENDERSON, JASON RYAN | PRESIDENT/CEO/DIRECTOR | 7207400 |
| MEHTA, ORESTA I | DIRECTOR | 7056066 |
| NATALE, DUSTIN | CHIEF COMPLIANCE OFFICER (BD) AND HEAD OF MSS COMPLIANCE | 5581428 |
| PALOMAKI, DANIEL S | INTERIM CHIEF FINANCIAL OFFICER / PRINCIPAL FINANCIAL OFFICER | 6817317 |
| PECORELLA, ANTHONY | INTERIM HEAD OF OPERATIONS / PRINCIPAL OPERATIONS OFFICER | 1948919 |
| SHAW, IAN G | MANAGING DIRECTOR, HEAD OF US WPB COMPLIANCE AND CHIEF COMPLIANCE OFFICER OF RIA | 7051510 |
Regulatory assets under management
| Total Number of Accounts | 12,180 |
| AUM (Assets Under Management) | $ 3,232,551,904 |
Disclosures
| Regulatory Event | 86 |
| Arbitration | 7 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 11/25/2025 | ||
| 12/11/2024 | ||
| 10/20/2023 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
