February 23, 2015
The Financial Industry Regulatory Authority (FINRA) Department of Enforcement filed a complaint against Ascendiant Capital Markets, LLC alleging that they failed to satisfy important supervisory, disclosure and reporting responsibilities by:
- failing to report a customer complaint to FINRA
- failing to update the FINRA records for two of its registered representatives who were subjects of regulatory investigations by FINRA
On February 19, 2015, in a separate matter related to their supervisory system, Ascendiant Capital Markets entered into a letter of Acceptance, Waiver and Consent with FINRA agreeing to a censure and to pay a fine of $52,500. FINRA Case #20130358295-02
Ascendiant Capital Markets has been a FINRA member since 2011 and is based in Irvine, California. They have regional offices located in New York City and Palm Beach Gardens, Florida.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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