Regulatory Notice 24-18
On occasion, the securities markets may unexpectedly close for business, for example, on a national day of mourning declared by the president of the United States. This Notice provides updated guidance to members regarding SEA Rules 15c3-1, 15c3-3, 17a-5, Rule 204 under Regulation SHO, FINRA Rules 4210, 4230(b), 4521 and 4524, and Federal Reserve Board Regulation T in the event of such an unexpected close.
FINRA Orders Four Firms to Pay $2.6 Million for Violations Relating to Fully Paid Securities Lending
FINRA announced today that it has sanctioned four firms—M1 Finance LLC, Open to the Public Investing, Inc., SoFi Securities LLC, and SogoTrade, Inc.—a combined $2.6 million, including over $1 million in restitution to retail customers enrolled in fully paid securities lending programs and fines of $1.6 million for the firms’ related supervisory and advertising violations.
2021069375901 The Windmill Group, Inc. CRD 8384 AWC gg (2024-1704413997545).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2021069375901
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: The Windmill Group, Inc. (Respondent)
Member Firm
CRD No. 8384
Pursuant to FINRA Rule 9216, Respondent The Windmill Group, Inc. submits this Letter of
Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the
alleged rule violations described below.
2021072127801 SogoTrade Inc. CRD 17912 AWC gg (2024-1704413997707).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2021072127801
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: SogoTrade, Inc. (Respondent)
Member Firm
CRD No. 17912
Pursuant to FINRA Rule 9216, Respondent SogoTrade, Inc. submits this Letter of Acceptance,
Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule
violations described below.