Aurel Davina Anderson has agreed to a fine and a two-month suspension as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Anderson first became registered with FINRA in January 2016 as a Corporate Securities Representative through an association with former FINRA member Ustocktrade Securities, Inc. (USI). She then became registered in additional capacities through USI, including as a General Securities Principal in January 2018.
Anderson’s registrations through USI terminated in August 2022 as a result of FINRA’s expulsion of USI from FINRA membership.
In April 2021, USI began offering a new product called the “Cash Program,” which purported to give customers the opportunity to earn a 1.25 percent annual percentage yield on cash balances in their accounts greater than $1,000. At the same time,…
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