Maxim Group LLC has agreed to pay a fine of $35,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From December 2019 to March 2023, Maxim failed to make or timely make required filings with FINRA in connection with its participation in seven public offerings.

Therefore, Maxim violated FINRA Rules 5110 and 2010.

From December 2019 to March 2026, Maxim violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA Rule 5110.

The firm has agreed to a censure in addition to the $35,000 fine.

Maxim has been a FINRA member since September 2002. The firm is a full-service investment banking, securities, and wealth management firm. Maxim is headquartered in New York, New York and has approximately 160 registered representatives across six branch offices.