Global Financial Services, L.L.C. (CRD #35699, Houston, Texas) was censured and fined $100,000 for failure to establish and implement policies and procedures reasonably expected to detect and cause the reporting of suspicious activities. FINRA's findings stated that despite multiple “red flags” for potentially suspicious activity in several accounts, Global Financial Services failed to investigate the […]

On May 8th., 2013, FINRA, the Financial Industry Regulatory Authority Inc. fined three financial companies $900,000 in total, for failing to stop money laundering and other suspicious transactions, and officials at the firms were fined a total of $100,000. “Today's actions reinforce FINRA's continued focus on firms' ability to identify and respond to potential misuse […]

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, February 2012.”   Bulltick Securities, LLC (CRD #132092, Miami, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $125,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry […]

The following article was found on FINRA's website: Tradespot Markets Inc. (CRD #29683, Davie, Florida) and Mark Bedros Beloyan (CRD #1392748, Registered Principal, Davie, Florida) submitted an Offer of Settlement in which the firm was censured and fined $25,000, and Beloyan was suspended from association with any FINRA member in any capacity for one month […]