FINRA imposes $120k fine on Dinosaur Financial Group

Dinosaur Financial Group, LLC has agreed to pay a fine of $120,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

From October 2022 through March 2025, Dinosaur Financial failed to timely report to FINRA’s Trade Reporting and Compliance Engine (TRACE) 1,276 TRACE-eligible securities, in violation of FINRA Rules 6730(a) and 2010, and failed to timely report to the MSRB’s Real-time Transaction Reporting System (RTRS) 507 transactions in municipal securities, in violation MSRB Rule G-14(b).

During the same period, the firm also failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with applicable reporting requirements in FINRA Rule 6730 and MSRB Rule G-14, in violation of FINRA Rules 3110 and 2010 and MSRB Rule G-27.

The firm has agreed to a censure in addition to the fine of $120,000.

Dinosaur Financial has been a FINRA member since March 2001, and a Municipal Securities Rulemaking Board (MSRB) registrant since April 2003. The firm is headquartered in New York, New York, and it has approximately 45 registered representatives and 17 branch offices.