FINRA Fines Greenbird Capital for Engaging in Cold Calling

Greenbird Capital Given a $50k Fine by FINRA

According to FINRA, the fine is related to private placement solicitations and telemarketing practices between May 2021 and December 2023. The Florida-based brokerage reportedly failed to establish, maintain and enforce adequate supervisory systems and written procedures to ensure compliance with securities laws and telemarketing rules.  The firm was found to have violated FINRA Rules 3110, 3230(d), and 2010. During the period in question, Green…

FINRA fines Greenbird Capital for engaging in cold calling

Greenbird Capital LLC has agreed to pay a fine of $50,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

2023077022001 Greenbird Capital LLC CRD 306692 AWC lp.pdf

From May 2021 through December 2023, Greenbird Capital did not establish, maintain, and enforce a system, including written procedures, reasonably designed to supervise the firm’s solicitations of private placements and the telemarketing activities of its registered representatives with respect to the national do-not-call list and calls during prohibited times. Therefore, the firm violated FINRA Rules 3110, 3230(d) and 2010, and is censured and …