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BD Rules & Regulatory Actions

The outbreak of COVID-19 has had far-reaching effects, with small businesses being particularly affected by the closures and safety measures designed to slow the spread ...
Due to the intermittent inaccessibility of physical certificates at DTC as a result of ongoing concerns related to the effects of COVID–19, sell orders for ...
The final rule defines the term covered broker or dealer as ‘‘a covered financial company that is a qualified broker or dealer’’
At the time he was fired, Tropiano was married to the daughter of Respondent. Tropiano went to see Respondent, his father-in-law, for advice on finding ...
Pizzuti was associated with other broker-dealers registered with the Commission, some of which were also registered as investment advisers
After considering the comments received on the Proposal to rescind the Fee Exception,6 the Commission has determined that the Fee Exception is no longer appropriate ...
The Commission’s complaint further alleged that, of the $2.4 million in unlawful commissions generated from the unauthorized trading, Desiderio received over $390,000
Perez received $137,275 in commissions from his fraudulent conduct
Turney received $281,914 in commissions from his fraudulent conduct
IB did not have sufficient resources in its compliance function to adequately review and/or address the issues identified by its surveillance systems
The fact that the recipient of the recommendation is a regulated financial services industry professional would not excuse a firm from complying with Regulation Best ...
Because the Amendment concerns the security of data used by regulators to monitor market behavior and investigate misconduct, and the processes by which broker-dealers report ...
Rather than responding to the clearing firm’s concerns with an inquiry into the risks identified by the clearing firm, which may have led to the ...
Hopkins began approaching his brokerage customers about a new investment opportunity at the local credit union involving the opening of a new branch office. This ...
The key expected benefit of the final rule is that it creates a more structured framework to implement section 205 of the Dodd-Frank Act, so ...
UBS has taken a number of remedial steps, including reviewing and improving its retail order period policies and procedures, introducing retail order period training for ...
MSRB Rule G-17 provides in relevant part that, in the conduct of its municipal securities business, every broker-dealer shall deal fairly with all persons and ...
Costas negligently submitted these inaccurate zip codes with Pinzon’s orders when he should have known that they did not correspond to Pinzon’s residence
The Commission’s risk assessment program will continue to focus on those broker-dealers and affiliates that conduct a substantial securities business and thus are in a ...
Tannen negligently disregarded that the Brokers would be conducting unauthorized trades in these customer accounts. Tannen was compensated $20,000 for his actions
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