BD4RIA, Inc. (CRD #290240, Fort Worth, Texas)

March 22, 2022– An AWC was issued in which the firm was censured, fined $45,000, and ordered to pay partial restitution of $40,000, plus interest. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it negligently omitted to tell seven investors in an offering that the issuer failed to timely make required filings with the SEC, including filing audited financial statements, and/or the reasons why the filings were not timely made. The findings stated that while the firm learned of the delays and the issuer’s stated intention to complete a forensic audit, it sold seven limited partnership interests totaling $500,000. The firm received a total of $40,000 in commissions from these seven sales. The firm’s representatives told only one of the seven customers that the issuer had not timely filed its audited financial statements with the SEC and did not tell any of the customers the reasons for the delay. The delay in filing audited financial statements and the reasons for it was material information that should have been disclosed. (FINRA Case #2019061596401)