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Failure to supervise

Proceeding in contravention of your own WSPs can prove costly
Compliance personnel recommended moving the FuelCell account to another trading desk to take advantage of that desk’s “newly built execution protocols for issuer stock sales.” ...
B-Ds supervisory systems and WSPs will be examined
Merely reciting the applicable rules heads the list
Investment advisers and broker-dealers should take extra steps to make sure they’re validating investors’ identities and the authenticity of disbursement instructions, and have “a trusted ...
Investment advisers and broker-dealers should take extra steps to make sure they’re validating investors’ identities and the authenticity of disbursement instructions, have “a trusted contact ...
First Western will pay $200K penalty under settlement
First Western did not require training for its IARs and supervisors about Rule 144A securities and did not adopt any other process to sufficiently educate ...
compliance staff failed to create P&Ps to ensure that reps were being monitored when placing clients in inverse ETFs
Wells Fargo was previously sanctioned by FINRA for similar conduct occurring prior to July 2009
More than 2,000 transactions did not contain any provisions to satisfy the Pre-Release Obligations
The portolio manager managed the Fund differently from what was represented to investors and their advisers
An investment adviser/broker-dealer has agreed to pay state authorities $250,000 to settle claims that it failed to supervise a rogue broker/investment adviser, authorities have announced. ...
Jefferies was responsible for supervising its securities lending desk personnel .... failed reasonably to fulfill such supervisory responsibilities
Supervision failures connected to 529 share-class recommendations charged
Respondent failed to reasonably supervise Jeremy Joseph Drake (“Drake”), formerly an investment adviser representative of HCR, and failed to implement reasonable compliance-related policies and procedures ...
For nearly three years, Merrill Lynch failed to produce reliable audit trail data requested by Enforcement
LWA’s compliance policies and procedures manual required investment adviser representatives to pre-clear and obtain written pre-approval before buying or selling most securities, such as ...
AOC failed to supervise Frank Dinucci Jr. (“Dinucci”), an associated person of AOC, who among other things, participated in a fraudulent valuation scheme including by ...
After Gonzalez joined AOC, during the Relevant Period, he knew that AOC traders, including Dinucci, were providing price quotes or marks to PPI on behalf ...
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