December 26, 2017, Financial Commission, a leading external dispute resolution (EDR) organization, operated by FinaCom PLC, today announces that it has permanently expelled Carrax Inc from membership with the Financial Commission.
In order to maintain membership with the Financial Commission, member firms must strictly adhere to membership rules and all members agreed to comply with Financial Commission rules as one of the many prerequisites for initial membership approval and to maintain good standing.
Carrax Permanently Expelled
Effective December 26, 2017, Carrax was expelled from membership with the Financial Commission due to repeated violations and failures to adhere to membership rules and numerous opportunities given to Carrax to rectify its shortfalls.
As Financial Commission is an industry-supported self-regulatory organization (SRO) our enforcement of member compliance is reflected entirely within our membership standings where a firm’s integrity and adherence to rules must be strictly upheld in order for membership to be maintained.
Financial Commission is committed to assisting new and existing firms to comply with their membership obligations. Yet the Financial Commission will not tolerate when members fail to uphold their obligations.
For more information about Financial Commission membership requirements, please contact us or visit www.FinancialCommission.org.