December 31, 2014-Houston, Texas
Sanders Morris Harris, Inc. entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that in 2012, as a result of an inaccurate deferred tax balance calculation, the firm inaccurately calculated its excess capital and approved an $11.6 million distribution to its owners, causing the filing of inaccurate FOCUS filings in violation of NASD, FINRA and SEC rules.
Sanders Morris Harris was censured and fined $85,000.
Sanders Morris Harris has been registered with FINRA and the SEC since 1987 and is headquartered in Houston, Texas.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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