GENEOS WEALTH MANAGEMENT: Geneos to Pay $400,000 to Settle FINRA Charges Involving GPB and "Risky" Alternative Mutual Fund

The Financial Industry Regulatory Authority has fined Geneos Wealth Management $150,000 for failing to reasonably supervise its representatives' recommendations of an alternative mutual fund - the LJM Preservation & Growth Fund. The broker-dealer was also cited over sales of GPB Capital private placements. According to FINRA, Geneos permitted the sale of LJM on its platform [...] The post Geneos to Pay $400,000 to Settle FINRA Charges Involving GPB and "Risky" Alternative Mutual Fund appeared first on The DI Wire.