Fined: Clearpool Execution Services, LLC Fined by FINRA

Fined

Clearpool Execution Services, LLC Fined by FINRA

10 July 2019

An AWC was issued in which the firm was censured and fined $473,000, of which $43,000 is payable to FINRA. The remaining balance is to be paid to other selfregulatory organizations in related matters. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to establish and maintain a system that was reasonably designed to achieve compliance with applicable securities laws and regulations, and applicable FINRA rules.

Read full report.