FINRA Fines Wefunder $1.4 Million and StartEngine Capital $350,000 for compliance violations | National Crowdfunding & Fintech Association of Canada

FINRA Fines Wefunder $1.4 Million and StartEngine Capital $350,000 for compliance violations | National Crowdfunding & Fintech Association of Canada

WASHINGTON, May 04, 2022–(BUSINESS WIRE)–FINRA announced today that it has fined two FINRA-registered funding portals a combined $1.75 million for failing to comply with securities laws and rules designed to protect crowdfunding investors.  In settling these matters, Wefunder and StartEngine accepted and consented to the entry of FINRA’s findings without admitting or denying them. Jessica Continue Reading…