Fined: Merrimac Corporate Securities, Inc. Fined by FINRA

Fined

Merrimac Corporate Securities, Inc. Fined by FINRA

17 July 2019

The Securities and Exchange Commission (SEC) issued a
decision in which the firm was suspended from FINRA® membership in all
capacities for 30 business days, suspended from receiving and liquidating
penny stocks for one year, fined $225,000 and required to retain an expert
to evaluate and approve its written supervisory procedures (WSPs).

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