A broker-dealer agreed to settle FINRA charges for improperly charging an issuer $6,000 for filing a Form 211, in violation of FINRA Rule 5250. The filing of Form 211 is required in order for price quotes on the firm to be submitted on the OTCQX market. However, the price of the filings is required to be borne by the broker-dealer.
According to the Letter of Acceptance, Waiver and Consent, Euro Pacific Capital, Inc. also violated FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade). To settle the charges, Euro Pacific Capital, Inc. consented to a censure and to pay a fine of $10,000.
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