diff --git a/doc/source/command-objects/security-group.rst b/doc/source/command-objects/security-group.rst
index cf86bda6be..22ea5cb78c 100644
--- a/doc/source/command-objects/security-group.rst
+++ b/doc/source/command-objects/security-group.rst
@@ -54,6 +54,9 @@ List security groups
 
     Display information from all projects (admin only)
 
+    *Network version 2 ignores this option and will always display information*
+    *for all projects.*
+
 security group set
 ------------------
 
diff --git a/openstackclient/compute/v2/security_group.py b/openstackclient/compute/v2/security_group.py
index 2a7b40f4cd..907175f7d0 100644
--- a/openstackclient/compute/v2/security_group.py
+++ b/openstackclient/compute/v2/security_group.py
@@ -18,8 +18,6 @@
 
 import six
 
-from keystoneauth1 import exceptions as ks_exc
-
 try:
     from novaclient.v2 import security_group_rules
 except ImportError:
@@ -169,58 +167,6 @@ class CreateSecurityGroupRule(command.ShowOne):
         return zip(*sorted(six.iteritems(info)))
 
 
-class ListSecurityGroup(command.Lister):
-    """List security groups"""
-
-    def get_parser(self, prog_name):
-        parser = super(ListSecurityGroup, self).get_parser(prog_name)
-        parser.add_argument(
-            '--all-projects',
-            action='store_true',
-            default=False,
-            help='Display information from all projects (admin only)',
-        )
-        return parser
-
-    def take_action(self, parsed_args):
-
-        def _get_project(project_id):
-            try:
-                return getattr(project_hash[project_id], 'name', project_id)
-            except KeyError:
-                return project_id
-
-        compute_client = self.app.client_manager.compute
-        columns = (
-            "ID",
-            "Name",
-            "Description",
-        )
-        column_headers = columns
-        if parsed_args.all_projects:
-            # TODO(dtroyer): Translate Project_ID to Project (name)
-            columns = columns + ('Tenant ID',)
-            column_headers = column_headers + ('Project',)
-        search = {'all_tenants': parsed_args.all_projects}
-        data = compute_client.security_groups.list(search_opts=search)
-
-        project_hash = {}
-        try:
-            projects = self.app.client_manager.identity.projects.list()
-        except ks_exc.ClientException:
-            # This fails when the user is not an admin, just move along
-            pass
-        else:
-            for project in projects:
-                project_hash[project.id] = project
-
-        return (column_headers,
-                (utils.get_item_properties(
-                    s, columns,
-                    formatters={'Tenant ID': _get_project},
-                ) for s in data))
-
-
 class ListSecurityGroupRule(command.Lister):
     """List security group rules"""
 
diff --git a/openstackclient/network/v2/security_group.py b/openstackclient/network/v2/security_group.py
index 4e122f21a0..29d82b08d3 100644
--- a/openstackclient/network/v2/security_group.py
+++ b/openstackclient/network/v2/security_group.py
@@ -13,6 +13,8 @@
 
 """Security Group action implementations"""
 
+import argparse
+
 from openstackclient.common import utils
 from openstackclient.network import common
 
@@ -38,3 +40,51 @@ class DeleteSecurityGroup(common.NetworkAndComputeCommand):
             parsed_args.group,
         )
         client.security_groups.delete(data.id)
+
+
+class ListSecurityGroup(common.NetworkAndComputeLister):
+    """List security groups"""
+
+    def update_parser_network(self, parser):
+        # Maintain and hide the argument for backwards compatibility.
+        # Network will always return all projects for an admin.
+        parser.add_argument(
+            '--all-projects',
+            action='store_true',
+            default=False,
+            help=argparse.SUPPRESS,
+        )
+        return parser
+
+    def update_parser_compute(self, parser):
+        parser.add_argument(
+            '--all-projects',
+            action='store_true',
+            default=False,
+            help='Display information from all projects (admin only)',
+        )
+        return parser
+
+    def _get_return_data(self, data, include_project=True):
+        columns = (
+            "ID",
+            "Name",
+            "Description",
+        )
+        column_headers = columns
+        if include_project:
+            columns = columns + ('Tenant ID',)
+            column_headers = column_headers + ('Project',)
+        return (column_headers,
+                (utils.get_item_properties(
+                    s, columns,
+                ) for s in data))
+
+    def take_action_network(self, client, parsed_args):
+        return self._get_return_data(client.security_groups())
+
+    def take_action_compute(self, client, parsed_args):
+        search = {'all_tenants': parsed_args.all_projects}
+        data = client.security_groups.list(search_opts=search)
+        return self._get_return_data(data,
+                                     include_project=parsed_args.all_projects)
diff --git a/openstackclient/tests/compute/v2/fakes.py b/openstackclient/tests/compute/v2/fakes.py
index f4d79ff7c4..29baa8e119 100644
--- a/openstackclient/tests/compute/v2/fakes.py
+++ b/openstackclient/tests/compute/v2/fakes.py
@@ -298,6 +298,70 @@ class FakehypervisorStats(object):
         return hypervisors
 
 
+class FakeSecurityGroup(object):
+    """Fake one or more security groups."""
+
+    @staticmethod
+    def create_one_security_group(attrs=None, methods=None):
+        """Create a fake security group.
+
+        :param Dictionary attrs:
+            A dictionary with all attributes
+        :param Dictionary methods:
+            A dictionary with all methods
+        :return:
+            A FakeResource object, with id, name, etc.
+        """
+        if attrs is None:
+            attrs = {}
+        if methods is None:
+            methods = {}
+
+        # Set default attributes.
+        security_group_attrs = {
+            'id': 'security-group-id-' + uuid.uuid4().hex,
+            'name': 'security-group-name-' + uuid.uuid4().hex,
+            'description': 'security-group-description-' + uuid.uuid4().hex,
+            'tenant_id': 'project-id-' + uuid.uuid4().hex,
+            'rules': [],
+        }
+
+        # Overwrite default attributes.
+        security_group_attrs.update(attrs)
+
+        # Set default methods.
+        security_group_methods = {}
+
+        # Overwrite default methods.
+        security_group_methods.update(methods)
+
+        security_group = fakes.FakeResource(
+            info=copy.deepcopy(security_group_attrs),
+            methods=copy.deepcopy(security_group_methods),
+            loaded=True)
+        return security_group
+
+    @staticmethod
+    def create_security_groups(attrs=None, methods=None, count=2):
+        """Create multiple fake security groups.
+
+        :param Dictionary attrs:
+            A dictionary with all attributes
+        :param Dictionary methods:
+            A dictionary with all methods
+        :param int count:
+            The number of security groups to fake
+        :return:
+            A list of FakeResource objects faking the security groups
+        """
+        security_groups = []
+        for i in range(0, count):
+            security_groups.append(
+                FakeSecurityGroup.create_one_security_group(attrs, methods))
+
+        return security_groups
+
+
 class FakeSecurityGroupRule(object):
     """Fake one or more security group rules."""
 
diff --git a/openstackclient/tests/compute/v2/test_security_group.py b/openstackclient/tests/compute/v2/test_security_group.py
index c6998cb542..01e27b8201 100644
--- a/openstackclient/tests/compute/v2/test_security_group.py
+++ b/openstackclient/tests/compute/v2/test_security_group.py
@@ -125,65 +125,3 @@ class TestSecurityGroupCreate(TestSecurityGroup):
 
         self.assertEqual(self.columns, columns)
         self.assertEqual(self.data, data)
-
-
-class TestSecurityGroupList(TestSecurityGroup):
-
-    def setUp(self):
-        super(TestSecurityGroupList, self).setUp()
-
-        self.secgroups_mock.list.return_value = [
-            FakeSecurityGroupResource(
-                None,
-                copy.deepcopy(SECURITY_GROUP),
-                loaded=True,
-            ),
-        ]
-
-        # Get the command object to test
-        self.cmd = security_group.ListSecurityGroup(self.app, None)
-
-    def test_security_group_list_no_options(self):
-        self.projects_mock.list.return_value = [
-            fakes.FakeResource(
-                None,
-                copy.deepcopy(identity_fakes.PROJECT),
-                loaded=True,
-            ),
-        ]
-
-        arglist = []
-        verifylist = [
-            ('all_projects', False),
-        ]
-
-        parsed_args = self.check_parser(self.cmd, arglist, verifylist)
-
-        # In base command class Lister in cliff, abstract method take_action()
-        # returns a tuple containing the column names and an iterable
-        # containing the data to be listed.
-        columns, data = self.cmd.take_action(parsed_args)
-
-        # Set expected values
-        kwargs = {
-            'search_opts': {
-                'all_tenants': False,
-            },
-        }
-
-        self.secgroups_mock.list.assert_called_with(
-            **kwargs
-        )
-
-        collist = (
-            'ID',
-            'Name',
-            'Description',
-        )
-        self.assertEqual(collist, columns)
-        datalist = ((
-            security_group_id,
-            security_group_name,
-            security_group_description,
-        ), )
-        self.assertEqual(datalist, tuple(data))
diff --git a/openstackclient/tests/network/v2/test_security_group.py b/openstackclient/tests/network/v2/test_security_group.py
index 72da14009c..ea96442584 100644
--- a/openstackclient/tests/network/v2/test_security_group.py
+++ b/openstackclient/tests/network/v2/test_security_group.py
@@ -14,24 +14,29 @@
 import mock
 
 from openstackclient.network.v2 import security_group
+from openstackclient.tests.compute.v2 import fakes as compute_fakes
 from openstackclient.tests.network.v2 import fakes as network_fakes
 
 
-class TestSecurityGroup(network_fakes.TestNetworkV2):
+class TestSecurityGroupNetwork(network_fakes.TestNetworkV2):
 
     def setUp(self):
-        super(TestSecurityGroup, self).setUp()
+        super(TestSecurityGroupNetwork, self).setUp()
 
         # Get a shortcut to the network client
         self.network = self.app.client_manager.network
 
-        # Create compute client mocks.
-        self.app.client_manager.compute = mock.Mock()
+
+class TestSecurityGroupCompute(compute_fakes.TestComputev2):
+
+    def setUp(self):
+        super(TestSecurityGroupCompute, self).setUp()
+
+        # Get a shortcut to the compute client
         self.compute = self.app.client_manager.compute
-        self.compute.security_groups = mock.Mock()
 
 
-class TestDeleteSecurityGroupNetwork(TestSecurityGroup):
+class TestDeleteSecurityGroupNetwork(TestSecurityGroupNetwork):
 
     # The security group to be deleted.
     _security_group = \
@@ -64,11 +69,11 @@ class TestDeleteSecurityGroupNetwork(TestSecurityGroup):
         self.assertIsNone(result)
 
 
-class TestDeleteSecurityGroupCompute(TestSecurityGroup):
+class TestDeleteSecurityGroupCompute(TestSecurityGroupCompute):
 
     # The security group to be deleted.
     _security_group = \
-        network_fakes.FakeSecurityGroup.create_one_security_group()
+        compute_fakes.FakeSecurityGroup.create_one_security_group()
 
     def setUp(self):
         super(TestDeleteSecurityGroupCompute, self).setUp()
@@ -81,7 +86,7 @@ class TestDeleteSecurityGroupCompute(TestSecurityGroup):
             return_value=self._security_group)
 
         # Get the command object to test
-        self.cmd = security_group.DeleteSecurityGroup(self.app, self.namespace)
+        self.cmd = security_group.DeleteSecurityGroup(self.app, None)
 
     def test_security_group_delete(self):
         arglist = [
@@ -97,3 +102,131 @@ class TestDeleteSecurityGroupCompute(TestSecurityGroup):
         self.compute.security_groups.delete.assert_called_with(
             self._security_group.id)
         self.assertIsNone(result)
+
+
+class TestListSecurityGroupNetwork(TestSecurityGroupNetwork):
+
+    # The security group to be listed.
+    _security_group = \
+        network_fakes.FakeSecurityGroup.create_one_security_group()
+
+    expected_columns = (
+        'ID',
+        'Name',
+        'Description',
+        'Project',
+    )
+
+    expected_data = ((
+        _security_group.id,
+        _security_group.name,
+        _security_group.description,
+        _security_group.tenant_id,
+    ),)
+
+    def setUp(self):
+        super(TestListSecurityGroupNetwork, self).setUp()
+
+        self.network.security_groups = mock.Mock(
+            return_value=[self._security_group])
+
+        # Get the command object to test
+        self.cmd = security_group.ListSecurityGroup(self.app, self.namespace)
+
+    def test_security_group_list_no_options(self):
+        arglist = []
+        verifylist = [
+            ('all_projects', False),
+        ]
+        parsed_args = self.check_parser(self.cmd, arglist, verifylist)
+
+        columns, data = self.cmd.take_action(parsed_args)
+
+        self.network.security_groups.assert_called_with()
+        self.assertEqual(self.expected_columns, columns)
+        self.assertEqual(self.expected_data, tuple(data))
+
+    def test_security_group_list_all_projects(self):
+        arglist = [
+            '--all-projects',
+        ]
+        verifylist = [
+            ('all_projects', True),
+        ]
+        parsed_args = self.check_parser(self.cmd, arglist, verifylist)
+
+        columns, data = self.cmd.take_action(parsed_args)
+
+        self.network.security_groups.assert_called_with()
+        self.assertEqual(self.expected_columns, columns)
+        self.assertEqual(self.expected_data, tuple(data))
+
+
+class TestListSecurityGroupCompute(TestSecurityGroupCompute):
+
+    # The security group to be listed.
+    _security_group = \
+        compute_fakes.FakeSecurityGroup.create_one_security_group()
+
+    expected_columns = (
+        'ID',
+        'Name',
+        'Description',
+    )
+    expected_columns_all_projects = (
+        'ID',
+        'Name',
+        'Description',
+        'Project',
+    )
+
+    expected_data = ((
+        _security_group.id,
+        _security_group.name,
+        _security_group.description,
+    ),)
+    expected_data_all_projects = ((
+        _security_group.id,
+        _security_group.name,
+        _security_group.description,
+        _security_group.tenant_id,
+    ),)
+
+    def setUp(self):
+        super(TestListSecurityGroupCompute, self).setUp()
+
+        self.app.client_manager.network_endpoint_enabled = False
+        self.compute.security_groups.list.return_value = [self._security_group]
+
+        # Get the command object to test
+        self.cmd = security_group.ListSecurityGroup(self.app, None)
+
+    def test_security_group_list_no_options(self):
+        arglist = []
+        verifylist = [
+            ('all_projects', False),
+        ]
+        parsed_args = self.check_parser(self.cmd, arglist, verifylist)
+
+        columns, data = self.cmd.take_action(parsed_args)
+
+        kwargs = {'search_opts': {'all_tenants': False}}
+        self.compute.security_groups.list.assert_called_with(**kwargs)
+        self.assertEqual(self.expected_columns, columns)
+        self.assertEqual(self.expected_data, tuple(data))
+
+    def test_security_group_list_all_projects(self):
+        arglist = [
+            '--all-projects',
+        ]
+        verifylist = [
+            ('all_projects', True),
+        ]
+        parsed_args = self.check_parser(self.cmd, arglist, verifylist)
+
+        columns, data = self.cmd.take_action(parsed_args)
+
+        kwargs = {'search_opts': {'all_tenants': True}}
+        self.compute.security_groups.list.assert_called_with(**kwargs)
+        self.assertEqual(self.expected_columns_all_projects, columns)
+        self.assertEqual(self.expected_data_all_projects, tuple(data))
diff --git a/releasenotes/notes/bug-1519511-74bab0e0d32db043.yaml b/releasenotes/notes/bug-1519511-74bab0e0d32db043.yaml
new file mode 100644
index 0000000000..1a70c797e6
--- /dev/null
+++ b/releasenotes/notes/bug-1519511-74bab0e0d32db043.yaml
@@ -0,0 +1,7 @@
+---
+fixes:
+  - |
+    Ignore the ``security group list`` command ``--all-projects`` option
+    for Network v2 since security groups will be displayed for all projects
+    by default (admin only).
+    [Bug `1519511 <https://bugs.launchpad.net/bugs/1519511>`_]
diff --git a/setup.cfg b/setup.cfg
index 136510bf3a..284e6dec12 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -100,7 +100,6 @@ openstack.compute.v2 =
     keypair_show = openstackclient.compute.v2.keypair:ShowKeypair
 
     security_group_create = openstackclient.compute.v2.security_group:CreateSecurityGroup
-    security_group_list = openstackclient.compute.v2.security_group:ListSecurityGroup
     security_group_set = openstackclient.compute.v2.security_group:SetSecurityGroup
     security_group_show = openstackclient.compute.v2.security_group:ShowSecurityGroup
     security_group_rule_create = openstackclient.compute.v2.security_group:CreateSecurityGroupRule
@@ -340,6 +339,7 @@ openstack.network.v2 =
     router_set = openstackclient.network.v2.router:SetRouter
     router_show = openstackclient.network.v2.router:ShowRouter
     security_group_delete = openstackclient.network.v2.security_group:DeleteSecurityGroup
+    security_group_list = openstackclient.network.v2.security_group:ListSecurityGroup
     security_group_rule_delete = openstackclient.network.v2.security_group_rule:DeleteSecurityGroupRule
     security_group_rule_show = openstackclient.network.v2.security_group_rule:ShowSecurityGroupRule
     subnet_delete = openstackclient.network.v2.subnet:DeleteSubnet