September 15, 2022 BY Steffy Bogdanova
SEC charges Loop Capital Markets in first case against broker-dealer municipal advisor violation
Furthermore, SEC discovered that Loop Capital did not maintain a system reasonably designed to supervise its municipal securities activities. The regulator noted that its procedures were inadequate, using insufficient methods to identify potential violations of the municipal advisor registration rules. LeeAnn Ghazil Gaunt, Chief of the Enforcement Division’s Public Finance Abuse Unit, said: The municipal…
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