Action against Respondents, a broker-dealer and its founder and CEO, for alleged failure to properly compute and report net capital.  According to the SEC, as a result of computation errors, Respondent broker-dealer operated with a net capital deficiency and violated net capital reporting and books and records provisions.  The SEC alleges that Respondent CEO caused the violations by failing to properly compute and report Respondent broker-dealer’s net capital.  Respondent broker-dealer has agreed to pay a civil penalty of $50,000, and Respondent CEO has agreed to pay a civil penalty of $25,000.

 SEC Order