{"id":1417,"date":"2014-03-17T18:18:22","date_gmt":"2014-03-17T18:18:22","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/03\/finra_orders_securities_americ_1"},"modified":"2022-03-11T09:18:31","modified_gmt":"2022-03-11T15:18:31","slug":"finra-orders-securities-americ-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-orders-securities-americ-1\/","title":{"rendered":"FINRA Orders Securities America and Triad Advisers to Pay $1.2M Over Reporting Violations"},"content":{"rendered":"

\t\t\t\tThe Financial Industry Regulatory Authority is fining Securities America and Triad Advisors $625,000 and $650,000, respectively, for not properly supervising the way consolidated reporting systems were used. Triad must also pay $375,00 in restitution. Even though they are settling, the two firms are not denying or admitting to wrongdoing.<\/p>\n

The self-regulatory organization said this inadequate supervision led to statements containing inaccurate valuations that were sent to customers. The two firms are also accused of disobeying securities laws by not keeping appropriate consolidated reports.<\/p>\n

A consolidated report is a document that includes information about the bulk of a customer’s financial holdings. The report is a supplement to official account statements.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority is fining Securities America and Triad Advisors $625,000 and $650,000, respectively, for not properly supervising the way consolidated reporting systems were used. Triad must also pay $375,00 in restitution. Even though they are settling, the two firms are not denying or admitting to wrongdoing. The self-regulatory organization said this inadequate […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3739,3829],"tags":[],"class_list":["post-1417","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-finra","category-securities-america"],"yoast_head":"\nFINRA Orders Securities America and Triad Advisers to Pay $1.2M Over Reporting Violations — Investor Lawyers Blog — March 17, 2014<\/title>\n<meta name=\"description\" content=\"FINRA is fining Securities America and Triad Advisors $625,000 and $650,000 for not properly supervising the way consolidated reporting systems were used.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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