According to FINRA, Airlink Markets, LLC has been expelled from FINRA membership for failure to provide information or keep information current pursuant to FINRA Rule 9552.
FINRA Rule 9552 provides an expedited process for suspending or expelling firms and canceling registrations when members fail to provide required information or fail to keep required information current. This rule exists to ensure FINRA can effectively oversee member firms and protect investors.
When a firm is expelled from FINRA membership, it can no longer conduct securities business. The expulsion serves to protect investors from firms that are unwilling or unable to comply with basic regulatory requirements regarding information provision and recordkeeping.
The firm's failure to provide required information prevented FINRA from fulfilling its regulatory oversight responsibilities. Such non-compliance can mask potential problems at a firm and leave investors without important protections.
What Investors Can Learn: Investors should verify that their brokerage firm is a current FINRA member in good standing. You can check a firm's membership status through FINRA BrokerCheck. If you learn that your firm has been expelled or suspended, you should consider transferring your accounts to another firm and review your account statements carefully for any irregularities.