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

From May 22, 2021, to February 6, 2024, Regulus did not disclose its own and its control affiliate’s disciplinary history in the firm’s customer relationship summary (Form CRS).

By filing and delivering to customers a Form CRS that omitted required information, Regulus willfully violated Section 17(a)(1) of the Securities Exchange Act of 1934 and Exchange Act Rule 17a-14, and violated FINRA Rule 2010.

The firm was fined $20,000.

Regulus has been a FINRA member since July 2010. The firm, which is headquartered in Kentwood, Michigan, has 65 active branches and 114 registered representatives. The firm acts as a broker-dealer for general securities products and primarily services retail investors.