Alpine Securities Corporation has agreed to a USD30,000 fine as part of an agreement with the Financial Industry Regulatory Authority (FINRA). Of the 56 orders submitted under the Order Audit Trail System, Alpine submitted 35 reports with inaccurate details.
The settlement offer that FINRA has decided to accept is subject to the condition that FINRA will not bring future actions against the defendant based on the same factual findings. The agreement covers Alpine’s alleged breaches of FINRA rules between October 2017 and April 2018.