SWS Group, Inc. (SWS) is a diversified financial services holding company focused on delivering a range of investment banking, commercial banking and related financial services to individual, corporate and institutional investors, broker/dealers, governmental entities and financial intermediaries. It is a full-service brokerage. Its principal brokerage subsidiary, Southwest Securities, Inc. (Southwest Securities), is a registered broker/dealer. It provides integrated trade execution, clearing and client account processing to over 150 financial service organizations, which includes correspondent broker/dealers and registered investment advisors in 30 states, Canada and Europe. Southwest Securities serves individual investors through its private client group offices in Texas, New Mexico, California, Nevada and Oklahoma and institutional investors nationwide. It operates one other broker/dealer subsidiary, which is registered with Financial Industry Regulatory Authiority (FINRA).