J. Alden Associates, Inc has agreed to pay a fine of $40,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

J. Alden allegedly violated several regulatory requirements, designed to protect the investing public, relating to its financial operations, reporting, recordkeeping, and supervision.

Between November 2021 and May 2024, J. Alden:

• conducted a securities business on 90 days during which it failed to maintain its required minimum net capital;
• failed to timely report a net capital deficiency;
• maintained inaccurate books and records by failing to use the accrual method of accounting; and
• failed to establish and maintain a supervisory system reasonably designed to ensure compliance with net capital and recordkeeping rules.

Through this conduct, J. Alden violated Exchange Act §§15(c)(3) and 17(a), Exchange Act Rules 15c3-1, 17a-3 and 17a-11, and FINRA Rules 3110, 4110(b)(1), 4511, and 2010.

On top of the $40,000 fine, J. Alden has agreed to a censure.

J. Alden has been a FINRA member since 1996. The firm is headquartered in Wayne, Pennsylvania and has approximately 100 registered representatives in eight branch offices. J. Alden conducts a general securities business.