Financial West Group Fined $40,000 and Censured for Failure to Supervise and Associating with a Disqualified Individual

By September 12, 2016 September 20th, 2017 News

Pursuant to its Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA, Financial West Group assented to a $40,000 fine and censorship. The AWC states that Financial West Group failed to adequately address many due diligence elements of the firm’s private placement offerings.  Further, the firm employed a statutorily disqualified individual who had pleaded guilty and was convicted of a non-securities related felony.  Following the FINRA investigation Financial West Group consented to AWC 2014042263601.

Financial West Group’s FINRA Broker Check Report reveals nineteen AWCs and seven FINRA Arbitration Awards since 1990.

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