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FINRA fines Landolt Securities for deficient supervision of electronic communications

Photo: Landolt Securities

Julie DiMauro

2 min read
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Broker-dealer’s policies and procedures for monitoring representative’s comms were unclear and inadequate.

Landolt Securities has agreed to pay a fine of $25,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA) in a disciplinary decision dated January 16.

Landolt Securities is a dually registered broker-dealer and investment adviser headquartered in Antioch, Illinois, with 13 branch offices and 36 registered representatives.

FINRA says

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