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Violation Tracker Individual Record

Company: Purshe Kaplan Sterling Investments, Inc.
Penalty: $250,000
Year: 2024
Date: January 4, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Purshe Kaplan Sterling agreed to pay a $250,000 fine in settlement of alleged violations of the Massachusetts Uniform Securities Act by failing to properly supervise its Broker-Dealer Agents, failing to flag when their Agents implemented unsuitable trades when acting for a third party.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Securities Division
Civil or Criminal Case: civil
Facility State: Massachusetts
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.