Clearing firm in the crosshairs
Firm: COR Clearing LLC (formerly Legent Clearing LLC)
Fine Amount: $1,000,000
Restitution Amount: n/a
Total Paid by Firm: $1,000,000
Cause: COR was censured and fined $1 million by Finra for a variety of compliance failures involving lapses in anti-money-laundering procedures, financial reporting and supervisory obligations.