U. S. Boston Capital Corporation Fined by FINRA
10 June 2019
An AWC was issued in which the firm was censured, fined $125,000 and required to review and revise, as necessary, its systems, policies and procedures regarding consolidated reports, and certify that those systems, policies and procedures are reasonably designed to achieve compliance with the applicable FINRA rules. 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 supervisory system and failed to establish, maintain and enforce WSPs, reasonably designed to achieve compliance with applicable securities laws, regulations and FINRA rules regarding registered representatives’ creation and use of consolidated reports.
