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2021069370604 Cape Securities Inc. CRD 7072 AWC vrp.pdf

From July 2020 to March 2023, Cape Securities failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Reg BI). Cape Securities also failed to reasonably supervise its registered representatives’ recommendations to purchase GWG L Bonds and non-traditional exchange-traded products (NT-ETPs) for compliance with Reg BI. As a result, Cape Securities willfully violated Reg BI and violated FINRA Rules 3110 and 2010.

Regulatory Notice 26-11

FINRA is publishing updated interpretations of its margin rule (FINRA Rule 4210) to provide guidance to members in implementing the new intraday margin standards. Correspondingly, FINRA is deleting all interpretations relating to the former day trading margin requirements, which the new intraday margin standards have replaced in their entirety. Also, FINRA has made available educational resources, which members can share with customers, that provide information about the new intraday margin standards and margin accounts.
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