← Broker database 2022-08-18

Yan Binder Suspended for Unapproved Text Messages

suspended

According to FINRA, Yan Binder was fined $10,000 and suspended for 30 days for using unapproved channels to exchange text messages with a customer about securities-related business. The firm did not preserve those communications. Using unapproved communication channels prevents proper supervision and record retention, which are essential for investor protection and regulatory oversight.

Source: FINRA disciplinary actions (PDF)