CBG Financial Group, Inc. (CRD #6578, Boca Raton, Florida) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it allowed a statutorily disqualified person to associate with the firm. The findings stated that the individual acted in an associated capacity for the firm, with its knowledge and consent, by keeping regular business hours at the firm, maintaining a desk at the firm’s office, a telephone extension at the firm, and a firm sponsored email account; regularly communicating with customers in an effort to maintain their accounts at the firm and to preserve his relationships with them; and handling administrative matters for the firm.
The FINRA findings also stated that the firm initiated numerous telephone solicitations to persons whose numbers were in the national do-not call registry of the Federal Trade Commission (DNC Registry) at the time of the calls. The findings also included that to achieve compliance with telemarketing rules and regulations, the firm used, and still uses, a system that blocks outbound phone calls to phone numbers in the DNC Registry.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
If you have questions about investments you made with CBG Financial Group, Inc., the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.