FINRA AWC No. 2023077093401 • Regulatory Misconduct Stirlingshire Broke Its Own Rules to Sell Banned Products to Everyday People EvilCorporations.com • FINRA AWC No. 2023077093401 • 9 min read TL;DR Stirlingshire Investments, a New York brokerage firm with just 26…
FINRA Enforcement • Financial Fraud • AWC No. 2024080523501 A $50,000 Fine for a $25 Million Lie EvilCorporations.com • AWC No. 2024080523501 • 9 min read TL;DR ABN AMRO Capital Markets (USA) LLC, a Wall Street broker-dealer owned by a…
Wall Street’s China IPO Mill: How Boustead and Sutter Cashed In on Fraud FINRA ENFORCEMENT • COMPLAINT 2022075185901 • EXPOSED INVESTIGATION The IPO Laundromat: How Two Brokerages Turned Chinese Nano‑Caps Into a Fraud Factory Boustead and Sutter Securities ignored rampant…
A $150,000 Fine for a $150 Million Conflict TL;DR The Facts: In July 2021, Barclays Capital Inc. acted as an underwriter for a ~$700 million Initial Public Offering (IPO) while having a direct, acknowledged conflict of interest. The Misconduct: Roughly…
System Failure: J.K. Financial Erased 1,100 Emails and Hid Its Disciplinary History From You TL;DR J.K. Financial Services, Inc., a FINRA member firm, was fined $65,000 for multiple, systemic failures spanning nearly four years (August 2020 – May 2024). The…
TL;DR For six years (2016-2022), Ally Invest Securities “failed to preserve” at least 22.6 million emails about your money: trade executions, fund transfers, and account activity. This mass deletion of records allowed Ally to stonewall 39 separate regulatory inquiries from…
TL;DR THE FACTS: Alexander Investment Services Co., a FINRA member since 1965, was caught by regulators for failing to establish and maintain a system to comply with Regulation Best Interest (Reg BI). This failure has been ongoing since the rule’s…
A $32 Million Black Hole in the Customer Safety Net TL;DR The Firm: Vision Financial Markets LLC, a FINRA member firm, provides clearing services for traders and institutional customers, meaning they handle the backend mechanics of stock trades. The Rule:…
EvilCorporations.com • FINRA AWC No. 2020068891501 • 8 min read Aegis Capital Corp. Cooked Its Books for Years. The Fine Is a Rounding Error. A licensed Wall Street brokerage spent years misreporting millions of dollars in transfers to its own…
44 Days of Fragility TL;DR Illegal Operation: Dallas-based firm NexPoint Securities, Inc. conducted business for 44 days while it was financially undercapitalized, violating fundamental federal securities laws designed to protect the market. Massive Capital Hole: The firm’s net capital deficiency…