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FINRA disciplinary action update #11

Montage of person walking by the FINRA sign.
Photo: Getty Images

Disciplinary decisions issued April 28 – May 4, 2023.

International Research Securities censured and fined for allegedly not maintaining required minimum net capital

An Economic Injury Disaster Loan (EIDL) taken out by the firm as a result of the COVID-19 pandemic increased the firm’s aggregate indebtedness and, because of some incorrect assumptions and calculations, led to the firm’s net