Maxim Group LLC faces FINRA sanctions for regulatory violations

Maxim Group LLC, a New York-based investment banking and wealth management firm, has been censured and fined $35,000 by FINRA. The regulatory action follows findings that the firm failed to make or timely make required filings in connection with seven public offerings between December 2019 and March 2023.

Additionally, the firm was found to have violated FINRA rules regarding the establishment, maintenance, and enforcement of a supervisory system. These supervisory failures occurred between December 2019 and March 2026, violating rules designed to ensure compliance with industry standards.