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Synapse Brokerage CEO and CCO charged with misconduct by FINRA

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Key alleged shortcomings include unreasonable supervision as well as failing to maintain books and records.

This case relates to the failure of Synapse Financial Technologies (Synapse Fi), which operated as a technology platform connecting fintech firms and their users with licensed banks.

In brief, Synapse Fi was unable to reconcile its client fund ledger with that of one of the banks it partnered with, which