As part of a settlement with the Financial Industry Regulatory Authority (FINRA), EarlyBirdCapital Inc. has agreed to pay a fine of $150,000.

During the period from May 2017 to April 2021, EarlyBird submitted inaccurate and untimely Financial and Operational Combined Uniform Single (FOCUS) reports and maintained inaccurate books and records of its liabilities and net capital, in violation of Section 17(a) of the Securities Exchange Act of 1934, Sections 17a-3 and 17a-5 of the Exchange Act, and FINRA Rules 4511 and 2010.

Additionally, from May 2017 to September 2022, EarlyBird failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with Exchange Act rules concerning net capital, FOCUS reporting, and required books and records, in violation of FINRA Rules 3110 and 2010.

EarlyBirdCapital, Inc., has been a FINRA member since October 1992, headquartered in Melville, New York, engaged in investment banking and securities trading activities, employing approximately 20 registered representatives across four branch offices, including its Melville headquarters. In addition to the $150,000 fine, the firm also agreed to accept censure.