September 12, 2017 BY LeapRate Staff
C.L. King & Associates fined $750,000 around AML failures related to 'Death Put' investments
The U.S. Financial Industry Regulatory Authority (FINRA) announced today that a FINRA extended hearing panel censured Albany, NY-based broker-dealer C.L. King & Associates, Inc. and fined the firm $750,000 for negligently making material misrepresentations and omissions to issuers in connection with the firm’s redemptions of debt securities on behalf of a hedge fund customer. The…
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