AEGIS CAPITAL CORP FINES OVER SAR FILING FAILURES

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 ...


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