Calton & Associates, Inc. He agreed to pay a fine of $ 75,000 as part of a settlement with the Financial Industry Regulatory Authority (Finra).
Between May 14, 2018 and April 2021, Calton violated the MSRB G-15 rule and the Finra 2232 and 2010 rules, failing to disclose the required surcharge and marking information for hundreds of retailers.
Between July 2018 and May 2022, the company violated the MSRB G-14 rule, failing to report the right trade time with the RTRS for more than 7,800 mobile municipal transactions and the FINRA 6730 and 2010 rules, failing to report the right time to more than 1.000.
From May 2018 to July 2024, Calton violated the Rules of MSRB G-27 and the Finra 3110 and 2010 rules, failing to determine and maintain a supervision system, including written supervisory procedures (WSPS), which were logically designed to obtain compliance with power obligations and reports. in MSRB and G-4 and Finra 2232 and 6730 rules.
For these violations, Calton was accused and imposed a fine of $ 75,000.
Calton is a Finra members and a registrator of the Municipal Capital Market (MSRB) since December 1987. Calton has about 380 registered representatives in 159 branches.