The Financial Industry Regulatory Authority (FINRA) is investigating Bolton Global Capital for failing to provide prospectuses to customers who purchased exchange-traded funds (ETFs) from May 31, 2011 through May 13, 2012. The regulatory body is also investigating the firm for failing to establish, maintain and enforce an adequate supervisory system relating to the delivery of the ETF prospectuses. According to FINRA rule, the delivery of certain securities, including ETFs, must be accompanied by or preceded by a copy of a Securities and Exchange Commission (SEC) approved prospectus. FINRA also requires firms to establish, maintain and enforce a supervisory system that is reasonably designed to cooperate with securities rules. Bolton Global Capital was censured and fined $35,000 for failing to do so. Because they failed to do so, the firm may be liable for money losses. If you invested money with Bolton Global Capital, please call us at 312-332-4200 to speak to an attorney. We sue firms such as Bolton in the FINRA arbitration forum to recover money for retail investors.
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