Securities regulators have fined a Meriden wholesale financial services brokerage $15,000 for lapses in properly filling out order tickets for certain corporate and municipal bond transactions.
The Financial Industry Regulatory Authority (Finra) censured Infinex Investments Inc. and ordered the firm to step up training of staff and supervisors in how to accurately complete order tickets.
Finra said the firm also failed to maintain two years’ of ticket records in an accessible location as required.
The agency said Infinex consented to the sanctions without admitting or denying its findings.
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According to Infinex’s website, it provides retail investment and insurance programs to community banks.
