Violation Tracker Individual Record

Company: 
C.L. King & Associates, Inc.
Penalty: 
$750,000
Year: 
2017
Date: 
September 12, 2017
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

A FINRA extended hearing panel censured Albany, NY-based broker-dealer C.L. King & Associates, Inc. and fined the firm $750,000 for negligently making material misrepresentations and omissions to issuers in connection with the firm's redemptions of debt securities on behalf of a hedge fund customer.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
Notes: 

FINRA is a securities industry self-regulatory body authorized by the federal government.

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.