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Violation Tracker Individual Record

Company: Securities Service Network, Inc. and SSN Advisory, Inc.
Penalty: $550,000
Year: 2015
Date: March 5, 2015
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Securities Service Network, Inc. and SSN Advisory, Inc. agreed to pay $500,000 in restitution, $35,000 in civil penalties and $15,000 in costs in settlement of allegations they failed to reasonably supervise an investment adviser representative leading to clients losing money from unsuitable recommendations.
Level of Government: state
Action Type: agency action
Agency: Missouri Secretary of State-Securities
Civil or Criminal Case: civil
Facility State: Missouri
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.