Dawson James Securities failed to retain more than 10,000 business-related texts, including consumer complaints and client conversations, over 10 years, according to FINRA.
Sponsored Content
Apr 08, 2024
How advisors can improve their compliance processes and set themselves up for success.
The settlement with the self-directed trading firm comes several weeks after FINRA's first enforcement action targeting firms' use of social media influencers.
Firm employees sent and received “thousands” of off-channel business-related messages during the time in question, according to the SEC.
The court ruling concludes a legal fight with the commission that started in 2019.
Don Trone shares why he believes the fiduciary framework should no longer be the cornerstone of the financial services profession.