Feds Sanction Teneo, Firm Connected To The Clintons – IOTW Report

Feds Sanction Teneo, Firm Connected To The Clintons

DailyCaller: A consulting firm with close and controversial ties to the Clintons was recently sanctioned by the Financial Industry Regulatory Agency (FINRA) for failing to properly handle electronic communications, documents reviewed by The Daily Caller show.

Teneo Securities was censured and forced to pay a $17,500 fine for the infraction, which was settled on Sept. 7.

That’s according to a broker check report filed on the firm, which is a subsidiary of Teneo Holdings, a consulting firm founded by longtime Bill Clinton aide Doug Band and a former Hillary Clinton campaign financier named Declan Kelly.

Bill Clinton was named honorary chairman of Teneo Holdings in 2011. He stood to earn $3.5 million in that role but gave most of it back because of the controversy that later erupted around the company, which consults corporations on merger and acquisitions, securities placements and communications strategies.

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