once again you take every piece of info and just run with it. "5 exchange listed securities"...wow... that's because they had abandoned accounts from about 14 B/Ds that cleared through them...one of the LARGEST clearing firms had only about 14 correspondents until 2017????..they were probably Nasdaq stocks they were closing out for abandoned accounts because as IM SURE YOU KNOW...then those correspondents went under, they left behind thousands of accounts. Spencer Edwards, ACAP and more were shut down. That was the jist of Alps arguments. they didn't want these accounts. They had a wash account and tried to write off/sell out these positions. As for 11 times, that is ON THE RECORD suits that have been disclosed. there were many others not disclosed, including a lawsuit against a FINRA examiner which they won let's just call him ( Scott) as well as other actions that FINRA dropped. You do realize that firms get complaints/suits and more all the time but settle them or have them dropped? god you are such a newbie.. here is a book for you to read: FINRA series 7, 24, 27 and then the FINRA manual. As for 2022 net cap... you were aware of the SEC settlement in which they were paying $1 million per month for 12 months starting in July 21???? and you were aware that they didn't accrue for it as required by FINRA (usually about 6% of amount but FINRA can make it higher) ..instead of taking a $720k accrual hit they chose another method...After their FINAL $million dollar SEC payment in Aust 22, FINRA came in and made them re-do ALL their financials and annuals..Im sure you know about accruals as well? Please stop challenging me with your uneducated guesses and try to learn ... it will help you in future.
