FINRA fined $1.9 million for selling access to financial intermediaries

CTFCC, a registered intermediary program created by the Financial Institutions Supervisory Agency (FINRA), has agreed to pay a total of $1,917,821 in fines and penalties to settle a federal lawsuit alleging the agency sold access to its clients to third parties.The settlement came as a result of a class action lawsuit filed by former CTFACS whistleblower Thomas Hays in 2015.Hays

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