December 11, 2014
To resolve allegations by the Financial Industry Regulatory Authority (FINRA) that it violated securities rules and regulations related to the reporting of net capital , Geoffrey Richards Securities agreed to a censure and to pay a fine of $40,000.
The violative conduct took place between 6/24/2010 and 1/31/2013 when the company acted as an underwriter in 24 firm commitment offerings, in violation of its membership agreement and without filing a continuing membership application.
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.
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