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SEC Denies FINRA Order Freeze For Appealing Brokerage

Law360, New York (May 18, 2017, 2:40 PM EDT) -- The U.S. Securities and Exchange Commission has denied a bid by a broker-dealer to freeze a Financial Industry Regulatory Authority order requiring it to get annual financial statements reviewed by certain firms, saying it hadn’t shown how an appeal of the order would succeed.

Sharemaster, a one-man broker-dealer operation by Howard Feigenbaum, was ordered to pay more than $1,700 and suspended by FINRA for failing to have its annual balance sheet and income statement reviewed by an accounting firm certified by the Public Company Accounting Oversight...
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