The firm engaged in US$650m offshore transactions primarily involving structured products and served clients ‘who were potentially located in the US’.
VectorGlobal WMG Inc (VectorGlobal) has been censured and fined US$200,000 by Finra 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 the Latin America. From April 2022 to April 2024, VectorGlobal engaged in ove