D. Boral Capital agreed to a fine and accusation as part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Between July 2020 and May 2024, D. Boral Capital conducted a mobile business at 96 days, and failed to maintain the minimum required net capital of the business. As a result, the company violated the Law on Exchange of Mobile Values, Article 15 (C) (3), the rule of the 15c3-1 exchange law and Finra 4110 (b) (1) and 2010.
From July 2020 to May 2024, the company failed to establish and maintain written supervisory procedures that were reasonably designed to achieve compliance with net capital requirements. As a result, the business violated the Finra 3110 and 2010 rules.
From April 2022 to November 2023, in relation to its participation in public offers, the company failed to deposit or deposit some of the required corporate offer deposits in time. As a result, the business violated the Finra 5110 and 2010 rules.
For these violations, the company was accused and imposed a fine of $ 125,000.
D. Boral Capital has been a member of Finra since 2000. The company has a full -service brokerage service mainly with institutional customers.