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FINRA Fines Avenir Financial $229K and Bars Ex-CEO on Fraud Charges

September 28, 2016 by Louis Chunovic

A Financial Industry Regulatory Authority (FINRA) hearing panel has fined New York-based Avenir Financial Group $229,000 for “misconduct including the fraudulent sales of equity interests in the firm and promissory notes,” and suspended it for two years from engaging in any self-offerings. In addition, the FINRA panel has barred former CEO and Chief Compliance Officer… Read More >>

Filed Under: AML/Fraud/Financial Crime, Regulation & Compliance Tagged With: Avenir Financial Group, Financial Crime, fines, FINRA, fraud, Michael Todd Clements, securities fraud

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