August 13, 2015
Signator Investors, Inc. and Gregory J. Mitchell, Agency Compliance Specialist for Signator’s Vienna, Virginia office, entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Signator was charged with failing to have adequate procedures regarding the use of consolidated reports, failing to adequately review incoming and outgoing correspondence and having inadequate procedures related to branch audit reviews.
Mitchell was charged with failing to enforce firm policies and procedures relate to client file and reviews and branch audits.
Signator was censured and fined $450,000. Mitchell was put on 7 month supervisory suspension and fined $10,000.
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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