Anti-Money Laundering

Failures in the anti-money laundering programs of UBS Financial and UBS Securities have resulted in triple jeopardy for the firms and a total of $15 ...

For the second year running, FINRA has flagged issues its examiners are finding with broker-dealers’ anti-money laundering programs. The SRO’s 2018 Report on FINRA Examination ...

These proceedings arise out of the failure of Central States Capital Markets, LLC (“Central States”), a registered broker-dealer, (1) to file Suspicious Activity Reports (“SARs”) ...

The dual registrant's AML program was not reasonably designed to account for the risks associated with these additional services used by customers in their ...

Accordingly, the Division will not recommend enforcement action to the Commission under Exchange Act Rule 17a-8 if abroker-dealer treats an investment adviser as if it ...

A too narrow interpretation about requirements surrounding the disclosure of customer complaints resulted in LPL Financial failing to file or amend registered reps’ Forms U4 ...

This matter concerns the failure by COR to file Suspicious Activity Reports (“SAR” or “SARs”) for certain suspicious trade and wire activity relating to the ...

It’s always best when the left hand knows what the right hand is doing. That doesn’t appear to have been the case with TD Ameritrade’s ...

Although it filed a number of SARs relating to suspicious transactions of certain terminated Advisers, Respondent failed to file SARs on the suspicious transactions of ...

An SEC regulatory filing indicates that Charles Schwab will pay $2.8 million to settle a recent lawsuit claiming it failed to file suspicious activity reports ...