Tifin Private Markets LLC has agreed to pay a fine of $30,000 as a part of a settlement with Financial Industry Regulatory Authority (FINRA).
From May 1, 2020 to August 31, 2020 and again from August 1 , 2022 to October 14, 2022, Tifin conducted a securities business without maintaining the required minimum net capital, in violation of Sections 15( c) or the Securities Exchange Act of 1934 (“Exchange Act’”) and Rule 15c3-l promulgated thereunder and FINRA Rules 411 0(b )(I) and 2010.
In addition, during these time periods, the firm did not prepare accurate net capital computations, and the firm filed inaccurate financial and Operational Combined Uniform Single (“FOCUS”) reports and maintained inaccurate books and records.
As a result, Tifin violated Section l 7(a) of the Exchange Act, and Rule 17a-3(a)(l l ), and l7a-5 promulgated thereunder, as well as FlNRA Rules 4110, 4511 and 2010.
On top of the $30,000…
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