SEC Imposes Fine on Principal of Glendale Firm
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A Glendale securities firm and one of its principals were fined by the Securities and Exchange Commission for violating securities regulations.
Regency Capital Group Inc. and Cynthia D. Phillips were fined $25,000 and required to return $4,736. Phillips was also required to take an exam to requalify as a general securities principal and sales representative.
The SEC said Regency and Phillips charged “unfair and excessive” prices to customers, and did not maintain adequate written supervisory procedures.
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