General Securities Corp has agreed to pay a fine as part of a settlement with the Financial Industry Regulatory Authority (Finra).
From June 30, 2020 to August 6, 2024, general capital failed to disclose its own and disciplinary history of its registered representatives in summary of the company’s customer relationships (CRS forms) and failed to comply with the Form CRS guidelines.
With the deposition and delivery to customers a CRS form that omitted the required information, the general titles deliberately violated Article 17 (a) (1) of the 1934 mobile exchange law and the exchange article of Article 17A-14 and violated the FINRA 2010 rule.
The general securities agreed to a $ 25,000 fine, and a certification company to submit to the Finra that it has revised and restored the shortcomings referred to in Article 17A-14 and has filed, delivered and published on its public site.
General Securities has been a member of Finra since June 1984. The company has two offices in Kansas City and Joplin of Missouri and has six registered representatives conducting general securities businesses and making title recommendations to their retail customers.