FINRA Municipal and Corporate Bond Fraud and Misrepresentation Arbitration Attorney, Russell L. Forkey, Esq.
Kiley Partners, Inc. (CRD #37814, Palm Beach Gardens, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $17,500. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it reported municipal securities transactions late to the MSRB, and erroneously reported municipal transactions to the MSRB. The findings stated that the erroneously reported trades consisted of, among other things, purchases reported as sales, sales reported as purchases, incorrect trade volume reported and corrected trades after cancellations were not reported to the MSRB. The findings also stated that the firm reported corporate bond transactions late to TRACE. (FINRA Case #2010021125601).