FINRA Orders Four Firms to Pay $2.6 Million for Violations Relating to Fully Paid Securities Lending
FINRA announced today that it has sanctioned four firms—M1 Finance LLC, Open to the Public Investing, Inc., SoFi Securities LLC, and SogoTrade, Inc.—a combined $2.6 million, including over $1 million in restitution to retail customers enrolled in fully paid securities lending programs and fines of $1.6 million for the firms’ related supervisory and advertising violations.
2021069375901 The Windmill Group, Inc. CRD 8384 AWC gg (2024-1704413997545).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2021069375901
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: The Windmill Group, Inc. (Respondent)
Member Firm
CRD No. 8384
Pursuant to FINRA Rule 9216, Respondent The Windmill Group, Inc. submits this Letter of
Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the
alleged rule violations described below.
2021072127801 SogoTrade Inc. CRD 17912 AWC gg (2024-1704413997707).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2021072127801
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: SogoTrade, Inc. (Respondent)
Member Firm
CRD No. 17912
Pursuant to FINRA Rule 9216, Respondent SogoTrade, Inc. submits this Letter of Acceptance,
Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule
violations described below.
2021072127701 Open to the Public Investing, Inc. CRD 127818 AWC gg (2024-1704413997582).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2021072127701
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: Open to the Public Investing, Inc. (Respondent)
Member Firm
CRD No. 127818
Pursuant to FINRA Rule 9216, Respondent Open to the Public Investing, Inc. submits this Letter
of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the
alleged rule violations described below.