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2024082708301 Altruist Financial LLC CRD 299274 AWC vrp.pdf

From March 2020 to April 2023, Altruist failed to reasonably supervise its fully paid securities lending business. Altruist participated in a fully paid securities lending program offered by its clearing firm in which over 30,000 of its customers were enrolled. However, Altruist had no system to supervise that business, including, for example, the customer enrollment process.