U.S. Boston Capital Fined $125,000 for Supervisory Failures

U.S. Boston Capital Corporation, a securities brokerage firm based out of Lincoln, Massachusetts, was recently fined $125,000 for supervisory failures.  FINRA (the Financial Industry Regulatory Authority) found that between January 2015 to December 2017, U.S. Boston Capital had supervisory missteps, including that it failed to adequately monitor the use of consolidated reports sent to approximately 197 customers.  FINRA alleged that the consolidated reports sent to customers contained errors, including errors on valuations of the investments held with U.S. Boston Capital.   FINRA further alleged that at least five of the valuations sent to customers were off by over $100,000.

Brokerage firms like U.S. Boston Capital Corporation have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Seattle, Washington; Denver, Colorado; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout the Boston area.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view:  U.S. Boston Capital Corp. FINRA AWC

If you lost money with U.S. Boston Capital Corporation, please CONTACT US at 720-599-3505 for a free evaluation of your case.