Pinnacle Investments LLC

sec.govsec.gov

09/22/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014038901201 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Pinnacle lnvestments, LLC (CRD No. 142910), Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Pinnacle Investments, LLC ("Pinnacle" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2014038901201finra.orgdata-portal.finra.org

05/01/2025: From June 30, 2020, through September 2024, Pinnacle violated Rule 15l-1 of the Securities Exchange Act of 1934 (Reg BI), as well as FINRA Rules 3110 and 2010, by failing to establish, maintain, and enforce a reasonable supervisory system, including written supervisory procedures (WSPs), concerning recommendations of inverse, or leveraged exchange traded funds or notes (NT-ETPs). Also, from May 2021, through June 2024, Pinnacle violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system reasonably designed to monitor for discretionary and/or unauthorized trading in customer accounts. In addition, from 2016 to 2022, the firm failed to conduct timely branch inspections, in violation of FINRA Rules 3110 and 2010. For these three supervisory violations, Pinnacle is censured, fined $65,000, ordered to pay restitution of $53,847.99 plus interest, and has agreed to an undertaking.

Reference 2022073421202finra.orgdata-portal.finra.org