KeyBanc Capital Markets, Inc. f/k/a McDonald Investments Inc. – Florida Failure to Supervise and/or Negligent Supervision FINRA Arbitration and Litigation Attorney:
The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute and enforcement action, firms and licensed individuals have the responsibility to reflect such action of their U-4 and/or U-5 filings, which can be viewed on the FINRA website under the broker-check section of the site or by viewing the monthly disciplinary information also provided on the FINRA site.
The monthly disciplinary information is referenced on the site generally in alphabetical order. This post relates to the following company or individuals. If the reader would like to review the entire FINRA release or the broker-check information concerning this matter, you can follow these highlighted links:
July 2012 Disciplinary and Other FINRA Actions:
FINRA Case No. 2009018590601 – In July of 2012, the Financial Industry Regulatory Authority, Inc. (FINRA) issued a release advising that KeyBanc Capital Markets Inc. fka McDonald Investments Inc. (CRD #566, Cleveland, Ohio) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $85,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to have written policies and procedures relating to employees’ personal investments and the supervision of those investments that were tailored to its business and reasonably designed to achieve compliance with NASD and FINRA rules. In order to view a copy of the full release, please follow above the referenced links.
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