Government Shutdown Information

2022074783101 D. Boral Capital CRD 103792 AWC gg (2025-1757031606843).pdf

Between July 2020 and May 2024, D. Boral Capital conducted a securities business on 96 days while failing to maintain the firm’s minimum required net capital. As a result, the firm violated Securities Exchange Act Section 15(c)(3), Exchange Act Rule 15c3-1, and FINRA Rules 4110(b)(1) and 2010. From July 2020 through May 2024, the firm failed to establish and maintain written supervisory procedures reasonably designed to achieve compliance with net capital requirements.

2024082633901 Ali F. Chehab CRD 7625979 Complaint gg (2025-1757031606740).pdf

The Department of Enforcement alleges: SUMMARY 1. Respondent Ali Chehab failed to respond to requests for information and documents that FINRA made pursuant to FINRA Rule 8210 as part of FINRA’s investigation into whether Chehab committed violations of FINRA rules and the federal securities laws including by: selling away; unauthorized trading; and making material misrepresentations to customers. As a result, Chehab violated FINRA Rules 8210 and 2010.

2023077951801 Ramin Abrams CRD 6705502 gg (2025-1757031606846).pdf

In June 2022 and August 2023, Abrams drafted and provided letters to two customers— both of whom worked for a different FINRA member firm—which the customers provided to their employer and that incorrectly stated that those customers could not self-direct trades in their accounts at Wells Fargo. By making these negligent misrepresentations, Abrams violated FINRA Rule 2010. For this misconduct, he is suspended three months in all capacities and fined $5,000.

National Financial Capability Study: Key Trends and Insights

In 2009, the FINRA Investor Education Foundation launched the first national study of financial capability of adults in the United States. Since its start, the National Financial Capability Study has provided data on multiple indicators of capability, including financial behaviors, attitudes, and knowledge. National Financial Capability Study survey data is collected every three years. The 2024 survey, which was published in July, represents the sixth wave of data. This episodes dives into the report that serves as an important barometer of Americans financial health, and continues to be an essential resource for policymakers, researchers, financial firms, educators, and other stakeholders seeking to better understand and address the financial capability needs of Americans.
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