Great Point Capital LLC has agreed to pay a fine of $250,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From January 2018 through the present, Great Point violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with rules prohibiting manipulative trading.

Separately, from May 2019 to February 2022, Great Point violated FINRA Rules 3110 and 2010 by failing to reasonably supervise a registered representative’s email communications to customers about investment opportunities that contained misleading, unwarranted, exaggerated, or promissory statements, and by failing to reasonably enforce its procedures for supervisory review of such communications.

Great Point has agreed to a censure and an undertaking, on top of the fine of $250,000.

Great Point has been a FINRA member since December 2001. It has approximately 200 registered representatives in 26 branch offices. Great Point is headquartered in Chicago, Illinois, and engages in a general securities business.