Action against Respondents, a broker-dealer, two of its affiliates, and its principal, for alleged registration violations.  According to the SEC, Respondents transacted in securities without registering as a broker-dealer and kept inaccurate books and records resulting in a net capital deficiency.  Two Respondent firms have agreed to pay total disgorgement of $460,803.84, and all three Respondent firms have agreed to jointly and severally pay a civil penalty of $25,000.

SEC Order