Skip to Primary Navigation

Skip to main content

FINRA disciplinary action update #32

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

Thomas Hyrkiel

2 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Disciplinary decisions issued September 29 – October 5, 2023.

Maxim Group censured and fined for alleged AML failings

The firm’s procedures were inadequate in ensuring compliance with Section 5 of the Securities Act. Account reviews were only conducted when customers deposited securities at the firm. Low-priced security transactions traded through Delivery versus Payment / Receive versus Payment (DVP/RVP) accounts

, , , , , , , , , , , , , , , , , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience