FINRA hits New York firm for $410,000
Among FINRA's findings, the brokerage assisted six hedge fund customers in circumventing market timing restrictions and escaping detection.
The Financial Industry Regulatory Authority has hit Rafferty Capital Markets LLC with a penalty of nearly $410,000 for improper market timing practices and for failing to have an adequate supervisory system in place.
Among FINRA's findings, from January 2001 through August 2003 the brokerage assist
Learn more about reprints and licensing for this article.
