Dougherty & Company LLC Fined by FINRA
An AWC was issued in which the firm was censured, fined $25,000 and required to revise its written supervisory procedures (WSPs). Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to make timely submissions or to submit accurate information regarding the result of an interest rate reset for variable rate demand obligations to the Municipal Securities Rulemaking Board’s (MSRB) Short-Term Obligation Rate Transparency (SHORT) system.
