← Broker database 2026-04-14
Cape Securities Inc. Cancelled for Failure to Pay FINRA Dues and Fees
According to FINRA, Cape Securities Inc. had its FINRA membership cancelled effective April 14, 2026, pursuant to FINRA Rule 9553, for failure to pay FINRA dues, fees, and other charges.
FINRA membership requires firms to meet their ongoing financial obligations to the regulator, including payment of annual dues, registration fees, and other required charges. FINRA Rule 9553 authorizes FINRA to cancel a firm's membership when it fails to pay these obligations. Cancellation means the firm can no longer operate as a FINRA member broker-dealer and cannot conduct securities business that requires FINRA membership.
Failure to pay regulatory dues and fees is often an indicator of a firm experiencing broader financial difficulties. While the specific circumstances underlying Cape Securities' non-payment are not detailed in this report, investors who had accounts or open positions at the firm should take steps to verify the status of their assets and ensure those assets have been properly transferred to another custodian.
Customers of cancelled broker-dealers may be eligible for protection through the Securities Investor Protection Corporation (SIPC) if the firm is unable to return customer assets. Investors can contact SIPC directly to understand their rights in the event of a broker-dealer's failure or cancellation.
FINRA BrokerCheck provides public access to a firm's registration status and history of regulatory actions. Investors can use BrokerCheck to verify whether a firm's FINRA membership is active before opening or maintaining accounts, and to check for any prior regulatory sanctions that may indicate financial or compliance concerns.