Radnor Research & Trading Company LLC (CRD #130120, Radnor, Pennsylvania) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to make and preserve required records in connection with its involvement in private offerings of securities by issuers. The findings stated that the firm received roughly $430,000 in transaction-based compensation from an issuer in connection with sales of securities totaling about $8 million, but failed to reflect the transactions for which it received the compensation, or any information pertaining to them, in its books and records, and failed to obtain and/or preserve documents relating to its participation in the engagement including but not limited to offering materials, unit purchase agreements and accredited investor questionnaires.
The findings also stated that the firm received roughly $184,500 in fees from another issuer in connection with sales of membership units totaling approximately $3.725 million.
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 Radnor Research & Trading Company LLC, 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.
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