FINRA fines Dawson James for not retaining business-related texts

FINRA says Dawson James Securities failed to retain 10,000+ business-related texts, including client conversations, for over 10 years.

FINRA has imposed a $500,000 fine against Florida-based broker-dealer Dawson James Securities and suspended its CEO for one month. The action comes after a failure to preserve and review over 10,900 business-related text messages sent or received by at least 27 associated persons.

The CEO, Robert Dawson Keyser Jr, an industry participant since

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