Calton & Associates, Inc. has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

Between May 14, 2018 and April 2021, Calton violated MSRB Rule G-15 and FINRA Rules 2232 and 2010 by failing to disclose required mark-up and mark-down information on hundreds of retail customer confirmations.

Between July 2018 and May 2022, the firm violated MSRB Rule G-14 by failing to report the correct time of trade to the MSRB’s Real-Time Transaction Reporting System (RTRS) for more than 7,800 municipal securities transactions and FINRA Rules 6730 and 2010 by failing to report the correct time of execution to TRACE for more than 1,000 securities transactions.

From May 2018 to July 2024, Calton violated MSRB Rule G-27 and FINRA Rules 3110 and 2010 by failing to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with applicable disclosure and reporting obligations in MSRB Rules G-15 and G-14 and FINRA Rules 2232 and 6730.

For these violations, Calton was censured and fined $75,000.

Calton has been a FINRA member firm and a Municipal Securities Rulemaking Board (MSRB) registrant since December 1987. It is a full-service brokerage firm headquartered in Tampa, Florida. Calton has approximately 380 registered representatives across 159 branches.