October 26, 2015- Bethesda, Maryland
H. Beck, Inc. , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between May 2008 and January 2009, H. Beck failed to conduct adequate on-going due diligence and address red flags in relation to three private placement funds in violation of NASD Rules 3010 and 2110 and FINRA Rule 2010.
In May 2008 H. Beck received an email containing audited financial statements for the Funds showing a deterioration in the financial condition of the funds and H. Beck failed to detect and investigate further the deterioration of the financial condition of the Funds.
AWC No.2011029195002
H,. Beck was censured and fined $40,000.
H. Beck has been a FINRA member since 1954, has about 800 brokers in 465 branch offices and is headquartered in Bethesda, Maryland.h beck
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