Articles Tagged with Brokerage Firm Negligence Lawyers

When Broker-Dealer Supervisory Failures Don’t Protect Investors’ Best Interests 

Our Trusted Brokerage Firm Negligence Lawyers May Be Able To Help You  Pursue Damages

The Financial Industry Regulatory Authority (FINRA) is ordering two broker-dealers to pay penalties for compliance failures related to Regulation Best Interest (Reg BI). According to the self-regulatory organization (SRO), DMK Advisor Group and Harpeth Securities did not have the necessary policies and procedures to make sure that their registered representatives abided by this standard of conduct. As a result, both broker-dealers, which also were found to have engaged in compliance failures related to Form CRS, must each pay a $35K fine. Form CRS delineates its services, conflicts, fees, disciplinary history, and other information to customers. The two financial firms did not deny or admit to FINRA’s findings.