Fined: Spencer Edwards, Inc. Fined by FINRA (June 2019)

Fined

Spencer Edwards, Inc. Fined by FINRA (June 2019)

11 June 2019

An AWC was issued in which the firm was suspended from accepting deposits of stock certificates and liquidating previously deposited certificated securities until it implements measures to remedy the AML violations addressed in the AWC, fined $250,000 and ordered to pay $512,261, plus interest, in restitution to customers.

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