Sonenshine & Company LLC (CRD #104357, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000.
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that for three years, it failed to establish, maintain and enforce an adequate system of supervisory control policies and procedures in that it failed to test and verify its supervisory controls and procedures. The findings stated that the firm failed to ensure submission to its senior management no less than annually a report detailing the firm’s system of supervisory controls and procedures. The firm failed for three years to complete an adequate annual certification of compliance and supervisory processes.
The findings also stated that the firm failed to provide for independent testing for AML compliance and failed to provide adequate ongoing AML training for appropriate personnel.
This information which is publicly available on FINRA’s website has been provided by The White Law Group, LLC.
If you have questions about investments you made with Sonenshine & Company LLC, the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at 312/238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.Tags: broker fraud, FINRA, investment fraud attorney, investor protection, Securities Attorney, Securities Lawyer, Sonenshine & Company, Sonenshine & Company FINRA investigation, Sonenshine & Company fraud, Sonenshine & Company losses, Sonenshine & Company supervisory failure, Soneshine & Company FINRA fine Last modified: July 17, 2015