FINRA Fines Crown Capital

FINRA Fines Crown Capital

Crown Capital Securities was investigated by the Financial Industry Regulatory Authority (FINRA) for allegations of having made transaction-based payments to unregistered entities, which is barred under FINRA rules. As a result, they have been ordered to pay a fine of $75,000.

The firm also invited a FINRA censure and has been asked to certify that all commissions and other payments are in compliance with FINRA guidelines. Crown Capital, without admittance or denial of the findings, agreed to the FINRA imposed sanctions.

Haselkorn & Thibaut, P.A. is currently investigating Crown Capital Securities. Investors are encouraged to call  1-800-856-3352 for a free consultation.

Crown Capital Securities Financial Advisor Complaints

You may be eligible to file a complaint if you have lost money recently on investments recommended by financial advisors.

It can be very painful to lose money, especially if you have an advisor or retirement investment.

It doesn’t mean you can sue your financial adviser for giving bad advice. There are always risks when investing in stocks, real estate, or other assets. It all depends on the facts of your case and the laws surrounding it.

If you feel that your spouse or business has been a victim of fraud or negligence, you can file a claim. Our law firm (InvestmentFraudLawyers.com) specializes in handling complaints against broker-dealers and financial advisors.

The financial industry is highly regulated. If your financial advisor violates the law, you have the right to sue them. We will walk you through the process of making a financial advisor complaint, including how it works and what you can do to remedy them.

The Complaint Against Crown Capital Securities

18 unregistered entities were paid a total of $19.3 million in commissions that were earned by 18 of its registered representatives. These were limited liability companies and corporations that were created by their representatives as securities businesses and had been disclosed to the firm and even approved as outside business activities.

These transactions occurred between January 2017 and January 2021.

Crown Capital was found by FINRA to have made commission payments directly to the unregistered entities instead of having made them to their registered representatives.

About Crown Capital Securities, L.P.

Crown has been a FINRA member for 50 years, since 1972, and is headquartered in Orange, California. It has 164 registered branch offices and almost 300 registered representatives. The financial services it provides to individuals include wealth management and retail brokerage.

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