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Posted On: 07/15/2023 2:06:15 PM
Post# of 11038
FINRA panel expels Alpine Securities, orders $2.3 million in restitution
https://www.securitieslaw.com/blog/2022/04/fi...stitution/
Source:
https://www.finra.org/media-center/newsreleas...ers-alpine
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https://www.securitieslaw.com/blog/2022/04/fi...stitution/
Quote:
A FINRA extended hearing panel made the decision last week to expel the firm and also ordered it to pay over $2.3 million in restitution to clients. The authority said it took the action after Alpine Securities converted and misused customer funds and securities , engaged in unauthorized trading , charged customers unfair prices in securities transactions and unreasonable fees, and made an unauthorized capital withdrawal.
The panel, which heard the case for 19 days, also ordered the firm to permanently cease and desist from converting or misusing customer funds or securities.
Source:
https://www.finra.org/media-center/newsreleas...ers-alpine
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U.S. Constitution
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/
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