AEGIS CAPITAL CORP FINES OVER SAR FILING FAILURES
March 1st, 2018
NEW York brokerage firm Aegis Capital Corporation has paid USD1.3 million in penalties to the USA’s Securities & Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) over failures to file suspicious activity reports (SARs).
The SEC, to which Aegis will pay USD750,000, said that Aegis had failed to file SARs on suspicious transactions that should have raised red flags warning deals maybe involved market manipulation of low-priced securities. In this way, Aegis broke SEC financial recordkeeping and reporting regulations, said the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.