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Failure to supervise

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 ...
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 ...
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 ...
These proceedings arise out of BMO CMC’s improper practices with respect to securities lending transactions involving pre-released American Depositary Receipts (“ADRs”).
Typically, a Depositary issues ADRs to a market participant that has delivered the corresponding number of foreign securities to the Depositary’s foreign custodian (“Custodian”). However, ...
OCIE encourages advisers, when designing and implementing their compliance and supervision frameworks, to consider the risks presented by hiring and employing supervised persons with disciplinary ...
Don’t just take the word of any applicant about the person’s disciplinary history. Investigate whether the person’s being honest about past troubles.   This is ...
FINRA announced July 17 that its multi-year mutual fund fee waiver initiative has yielded settlements with 56 broker-dealers. The initiative has ultimately resulted in the ...
These proceedings arise out of Nomura’s failure reasonably to supervise two traders so as to prevent and detect their violations of antifraud provisions of the ...
RELEASE Number 7974-19 July 11, 2019 CFTC Orders ADM Investor Services Inc. to Pay a $250,000 Penalty to Settle Charges that it Failed to Supervise ...
RELEASE Number 7973-19 July 12, 2019 CFTC Orders Vision Financial Markets LLC to Pay a $200,000 Penalty to Settle Charges that It Failed To Supervise ...
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