The Nationwide Futures Affiliation (NFA) has ordered Braemar Securities LTD to pay a $140,000 superb.
Braemar Securities is an introducing dealer (IB) Member of NFA situated in London, United Kingdom.
The Choice, issued by NFA’s Listening to Panel, relies on a Criticism issued by NFA’s Enterprise Conduct Committee and a settlement supply submitted by Braemar Securities, during which the agency neither admitted nor denied the allegations within the Criticism.
The Criticism charged Braemar Securities with failing to adjust to its communication recordkeeping obligations, in violation of NFA Compliance Rule 2-10(a), and disclosing prospects’ confidential personal data, in violation of NFA Compliance Rule 2-26.
The Criticism additional charged Braemar Securities with a failure to oversee, in violation of NFA Compliance Rule 2-9(a).
In its Choice, the Panel discovered that Braemar Securities violated NFA Compliance Guidelines 2-10(a), 2-26 and 2-9(a).
