Fined: Summit Brokerage Services, Inc. Fined by FINRA

Fined

Summit Brokerage Services, Inc. Fined by FINRA

15 August 2019

An AWC was issued in which the firm was censured and fined $40,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to enforce its WSPs for review of its registered representatives’ incoming and outgoing hard copy (non-electronic) correspondence relating to their securities business.

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