Dawson James Securities, a Boca Raton, Florida-based firm, and its CEO, Robert Dawson Keyser Jr., have agreed to pay fines to Finra over multiple compliance failures over the past decade, including lapses in preserving business-related text messages and conducting due diligence on private placement offerings.
Dawson James Securities, Inc. has faced multiple SEC and FINRA actions, primarily concerning violations related to electronic communications and private placement due diligence. These include fines for failing to preserve and review business-related texts, and for deficient supervisory systems regarding private placements. The firm was also censured and required to hire a consultant to review and improve its procedures. Also suspended its CEO for one month
Florida broker-dealer faces $500k fine over texting violations
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