Source Capital Group Sanctions — Selling Corporate Bonds at Unfair Prices

broker-dealer misconduct attorneysSource Capital Group Allegedly Sold Corporate Bonds at Unfair Prices

Source Capital Group, from April 1, 2013 through June 30, 2013, allegedly sold corporate bonds to customers at unfair prices, when taking into consideration all relevant circumstances, according to recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

All such relevant circumstances, according to the AWC, include market conditions with respect to each bond at the time of said transaction and that the expense involved a profit for Source Capital.

Source Capital Group Fined and Censured by FINRA and Ordered Restitution of Over $1 Million

Source Capital, which has been a member of FINRA since October 13, 1994, and whose registration remains in effect, conducted itself in such a manner, as described in the previous paragraph, wherein the firm violated FINRA and NASD Rules, FINRA alleged.

As a result, Source Capital has received a censure, a fine of $5,000, and restitution ordered to be paid to customers in the amount of$1,524.97, plus interest, according to the AWC.

The Peiffer Rosca Wolf Securities Lawyers Often Represent Investors

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of bonds sold at inappropriate prices. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of bonds sold at inappropriate prices may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1169 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.