On September 2, 2014, the Financial Industry Regulatory Authority (FINRA), fined Feltl & Company of Minneapolis $1 million for failing to properly supervise its penny-stock business between 2008 - 2012. FINRA reports that Feltl & Company failed to inform their clients ahead of certain penny-stock transactions about the suitability and risks. Also FINRA claims they […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:” Success Trade Securities, Inc. (CRD #46027, Washington, DC) and Fuad Ahmed (CRD #2404244, Registered Principal, Washington, DC) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $100,000. Ahmed was fined $10,000, suspended from association with any […]