Finra fines, censures New Jersey broker-dealer for violating Reg BI
Network 1 Financial Securities did not have a written system to identify and flag excessive trading, resulting in $533,500 in commissions for the firm, regulator says.
The Financial Industry Regulatory Authority Inc. has censured and fined a New Jersey-based broker-dealer and its chief compliance officer for allegedly violating the compliance and care obligations of Regulation Best Interest.
From January 2016 to March 2022, Network 1 Financial Securities, a fir
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