Nex Systems
Type not stated

IFP Securities LLC

Regulator action

United States. Named in 1 sanctions listing.

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Sanctions and listings1

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    05/07/2026: From November 2022 through November 2025, IFP failed to reasonably supervise recommendations of Class A mutual funds and Unit Investment Trusts. The firm relied on an automated surveillance system to identify transactions for review. However, throughout the period, the firm’s automated surveillance system failed to generate alerts and the firm had no other system in place. Therefore, IFP violated Rule 15l-1 of the Securities Exchange Act of 1934 (Reg BI) and FINRA Rules 3110 and 2010 and is censured and fined $100,000.

    Reference 2023077036901data-portal.finra.orgfinra.org

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