FINRA fine on broker-dealer spotlights supervisory controls

The broker-dealer was cited for compliance violations, including failures related to Reg BI, email retention, and the supervision of outside business activities.

Multiple violations involving Regulation Best Interest, Form CRS recordkeeping, email recordkeeping, and the supervision of outside business activities have led the Financial Industry Regulatory Authority (FINRA) to fine JK Financial $65,000.

According to FINRA’s order, from June 2024 to April 2025, the California-based broker-dealer omitted required information from the firm’s customer

The

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