FINRA fines broker dealer $250k for electronic comms recordkeeping failures

FINRA has censured and fined H2C Securities $250k for failing to preserve and review over 1.25 million business-related electronic communications.

According to the Letter of Acceptance, Waiver, and Consent (AWC), from January 2013 to June 2021, H2C Securities failed to preserve over 1.25m business-related electronic communications because it had not established a data feed from four platforms to the system that the firm used to store and maintain electronic communications.

Supervisory

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