In the Matter of J. Alden Associates, Inc.

J. Alden Associates, Inc. allegedly conducted a securities business while it failed to maintain its required minimum net capital during five separate periods. According to FINRA, the firm failed to file a timely same-day notification for a net capital deficiency it identified and failed to prepare and maintain accurate payable and receivable figures on its books and records when it recorded transaction payables and receivables on dates other than the closing dates. According to FINRA, the firm failed to establish, maintain, and enforce a supervisory system reasonably designed to achieve compliance with net capital and record-keeping rules.

Summary generated from official Financial Industry Regulatory Authority press release