The firm engaged in US$650m offshore transactions primarily involving structured products, and served clients ‘who were potentially located in the US’.
The US Financial Industry Regulatory Authority (Finra) has censured and fined VectorGlobal WMG Inc US$200,000 over its compliance failure in selling structured products under Regulation S (Reg S), an SEC registration exemption allowing securities to be made available to non-US investors. Miami, where the brokerage house is based, acts as a primary hub for offering exempted structured notes alongside Austin, TX, catering to investors from Latin America. From April 2022 to April 2024,