Finra hits National Securities with $9 million penalty
The regulator sanctioned the broker-dealer for violations related to its marketing of securities it had underwritten and failings related to sales of GPB private placements.
The Financial Industry Regulatory Authority Inc. on Thursday said it had sanctioned National Securities Corp. for a variety of problems, ranging from artificially influencing the market for securities it had underwritten to negligently omitting to inform clients about GPB Capital Holdings' inability
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