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FINRA disciplinary action update 2024/31

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

Disciplinary decisions issued August 3 – 9, 2024.

Securities principal suspended and fined for alleged violations of Reg BI

The principal recommended speculative, unrated debt securities to customers with a moderate risk tolerance resulting in high concentrations of their liquid net worth in alternative investments.

The recommendations made were not in the best interest of the customers based