The firms and fines included:
In 12 transactions
Under the rules, broker-dealers are required to deliver the issuer's official statement to a customer on or before the settling date of the purchase, and must also adopt and maintain procedures designed to ensure compliance with MSRB rules. FINRA further alleged that Regal failed to disclose material events, including rating downgrades, to customers between February and
Regal agreed to pay the fine, but did not admit or deny FINRA's findings.
Bereton's employment with Sloan, which is based in
Though neither admitting nor denying the findings, Bereton agreed to pay the fine and be suspended from association with any FINRA member from
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