Aegis Capital Fined Into Submission for Failure to File Suspicious Activity Reports


“Aegis’ employees — including those employees responsible for reviewing trades — never received any training from Aegis that included examples of the red flags associated with low-priced securities transactions that were outlined in the firm’s written supervisory procedures,” the SEC said.

An effective training program is a vital part of the solution in addressing AML and compliance issues. For instance, ACAMS ( offers a Certified Anti-Money Laundering Specialist (CAMS) credential. Moreover, the program is the gold standard in AML certifications and recognized by private institutions, governments and law enforcement. And rest assured, the cost of the program is typically less expensive than the fines imposed by regulatory agencies.