Active Investigations

March 16, 2022 – An AWC was issued in which the firm was censured and fined $115,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it violated its Trade Reporting and Compliance Engine (TRACE) reporting obligations by failing to report TRACE-eligible security transactions to TRACE within the 15-minute timeframe required by FINRA and without any applicable exception. The findings …

March 11, 2022 – An AWC was issued in which the firm was censured, fined $75,000, and required to certify that all of its commission and payment arrangements, including but not limited to those paid in connection with any networking agreements, comply with FINRA Rule 2040. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it paid approximately $19.3 million …

March 11, 2022 – An AWC was issued in which the firm was censured and fined $7,500. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to conduct annual independent testing of its anti-money laundering (AML) compliance program. The findings stated that although the firm conducted quarterly testing of its AML compliance program, the test was performed by …

Aegis Investments, Inc. (CRD #16033, St. Louis Park, Minnesota)

March 11, 2022 – An AWC was issued in which the firm was censured and fined $7,500. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to conduct annual independent testing of its anti-money laundering (AML) compliance program. The findings stated that although the firm conducted quarterly testing of …

Gregory Antonius Lewis (CRD #2793976, St. Petersburg, Florida) of StockKings Capital LLC (CRD #164445, New York, New York) was suspended from association with any FINRA member in all capacities for seven months. Without admitting or denying the allegations, the firm and Lewis consented to the sanctions and to the entry of findings that they created and transmitted investment materials that made false, exaggerated, misleading, promissory, and unwarranted claims about a …