CP Capital Securities was recently fined $70,000 by the Financial Industry Regulatory Authority after allegations that the firm failed to maintain an adequate supervisory system in connection with the sale of notes in a Columbian energy company. Allegedly, CP Capital Securities sold $2.53 million in notes of a Columbian energy company from October to December 2011. The firm acted as the co-placement agent for the investment, and the firm allegedly and inadequately detected potential violations of securities rules and regulations. The firm was fined $70,000.
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