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Finra gives Michigan investment firm the boot over foreign currency abuses

Posted on August 25, 2009 at 13:53 in Forex by Francesc

It is a 7 days old history but I thought I should add it here… better latter than never :)

I just found the history today

Francesc

Finra gives Michigan investment firm the boot over foreign currency abuses
By InvestmentNews.com
The regulatory agency expels Maximum Financial Investment Group and its CEO for ‘repeated’ violations

Finra has expelled an investment firm in Southfield, Mich., for inappropriate practices that occurred in its retail foreign-currency business and “repeated” violations of registration and related rules, according to a statement.

The Financial Industry Regulatory Authority Inc. of New York and Washington expelled Maximum Financial Investment Group Inc. and Christopher T. Paganes, the firm’s chief executive and chief compliance officer today. He is now barred from ever serving in any principal capacity at a securities firm and is also suspended from associating with a securities firm for the next nine months.
Full Story

Related News:
FINRA Expels Maximum Financial for Net Capital, AML, Other Violations While Engaging in Retail Foreign Currency Exchange Business

Tags: FINRA

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