A stepped-up SEC exam now underway at Girard Securities is routine and unrelated to problems affecting the reputation of the independent broker-dealer's future parent RCS Capital, says Susie Woltman-Tietjen, Girard's chairman and CEO. RCS is awaiting FINRA approval on its acquisition of Girard.
"It has nothing to do with RCAP. It is not extraordinary," says Woltman-Tietjen, the daughter of the founder Richard Woltman.
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