D. Boral Capital has agreed to a fine and a censure as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

Between July 2020 and May 2024, D. Boral Capital conducted a securities business on 96 days while failing to maintain the firm’s minimum required net capital. As a result, the firm violated Securities Exchange Act Section 15(c)(3), Exchange Act Rule 15c3-1, and FINRA Rules 4110(b)(1) and 2010.

From July 2020 through May 2024, the firm failed to establish and maintain written supervisory procedures reasonably designed to achieve compliance with net capital requirements. As a result, the firm violated FINRA Rules 3110 and 2010.

From April 2022 through November 2023, in connection with its participation in public offerings, the firm failed to file or timely file certain required corporate offering filings. As a result, the firm violated FINRA Rules 5110 and 2010.

For these violations, the firm was censured and fined $125,000.

D. Boral Capital has been a FINRA member since 2000. The firm is based in New York, NY, has two branch offices and employs 35 registered representatives. The firm operates a full-service brokerage business primarily with institutional clients.