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Chicago Capital, Inc.

Chicago Capital, Inc. (CRD #39274, Chicago, Illinois) received a censure and fine of $3,500 jointly and severally with an individual, and fined an additional $9,500. According to the findings, the firm, acting through an individual, it purchased shares of an IPO, at the IPO price, for the joint account of public customers when trading began at a premium over the IPO price in the secondary market. Apparently, the firm also inaccurately reported transactions, failed to timely decline or accept transactions in which the firm was the non-reporting member, and inaccurately reported short sales to the Automated Confirmation Transaction ServiceSM (ACTSM) by failing to include the .S modifier. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C8A990078)

Did Chicago Capital, Inc. manage your investments?



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