A small Connecticut investment firm has agreed to pay a $100,000 fine to settle charges levied by the Securities and Exchange Commission (SEC) regarding unfair trade allocation and accompanying compliance failures.
In its settlement with the SEC, Birinyi Associates of Westport, Conn., agreed to pay the fine, cease and desist all activity that violated securities laws, and to be censured. The firm has $288 million in assets and 89 individual clients, the SEC said.
