Decker & Co, LLC has agreed to pay a fine of $35,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
In December 2019, and again from April 2020 to June 2020, Decker conducted a securities business while it failed to maintain the required minimum net capital. As a result, Decker violated the Securities Exchange Act of 1934 (Exchange Act) § 15(c), Exchange Act Rule 15c3-1 promulgated thereunder, and FINRA Rules 4110(b) and 2010.
In December 2019, the firm cleared trades through a clearing firm and was subject to a minimum net capital requirement of $19,465. As of December 31, 2019, the firm had failed to accrue $152,117 in liabilities, resulting in a net capital deficiency of $57,519. The firm conducted a securities business on this date.
On April 10, 2020, the firm terminated its clearing arrangement,…
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