Finra kicks B-D out of industry for Reg BI failures linked to pre-IPO market
Melville, New York-based SW Financial received $2 million in undisclosed compensation for selling the private placements, according to Finra.
The Financial Industry Regulatory Authority Inc. said Thursday it had expelled a small broker-dealer from operating in the securities industry for a variety of industry rules violations and failures, including monkeying around with private placement offerings of pre-initial public offering funds.
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