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FINRA Hearing Panel Orders C.L. King & Associates to Pay $750K Over Inadequate AML Program

A Financial Industry Regulatory Authority extended hearing panel has ordered brokerage firm C.L. King & Associates, Inc. to pay a $750,000 for purportedly acting negligently by making material representations and omissions to issuers in connections with debt securities redemptions for a hedge fund customer. The panel said that the broker-dealer…

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