Violation Tracker Individual Record

Company: 
Rafferty Capital Markets
Penalty: 
$849,626
Year: 
2014
Date: 
May 15, 2014
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

New York-based Rafferty Capital Markets agreed to pay nearly $850,000 to settle allegations that it illegally facilitated trades for another firm that wasn't registered as a broker-dealer as required under the federal securities laws.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.