An introducing broker-dealer settled FINRA charges for misclassifying its owner's personal expenses as business expenses and failing to register and supervise an unregistered individual serving as a principal of the firm.
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A broker-dealer and one of its owners settled FINRA charges for failure to maintain the required minimum net capital while conducting securities business.
A broker-dealer settled FINRA charges for failing to compute accurately its aggregate indebtedness and net capital, failing to file accurate reports as a result and failing to respond to FINRA requests for information.
FINRA reminded firms of the deadlines to submit broker dealer reports and Financial and Operational Combined Uniform Single ("FOCUS") information due in 2023 or the first quarter of 2024.
A broker-dealer settled FINRA charges for failing to accurately calculate its required customer reserve, which resulted in recordkeeping, reporting, supervision and customer protection rule violations.