Finra censures, fines Securities America $125,000
Regulator says the firm caused recruits to take nonpublic personal client information.
The Financial Industry Regulatory Authority Inc. has censured Securities America and fined it $125,000, saying that the firm violated the Securities and Exchange Commission’s privacy rules.
In a letter of acceptance, waiver and consent, Finra said that Securities America caused 12 registered re
Learn more about reprints and licensing for this article.