Failure to supervise

FINRA is looking to move on a single streamlined rule addressing the outside business activities and private securities transactions of broker-dealers’ registered persons. The SRO ...

FINRA is dialed in to ensuring a consistent approach to enforcement so that you know what you can expect from the SRO and then can ...

Deutsche Bank Securities will be reimbursing certain of its commercial mortgage-backed securities customers who overpaid for CMBS after being misled about pricing by the firm’s ...

These proceedings arise out of the failure of DBSI and Solomon reasonably to supervise DBSI traders, and for DBSI reasonably to supervise DBSI salespeople, to ...

A finding of systemic supervisory failures can be awfully costly. Just ask Meyers Associates.   In a Jan. 4 decision, the National Adjudicatory Council upheld ...

Beware legacy systems acquired in acquisitions. A legacy system from Bear Stearns Securities  employed by J.P. Morgan and replete with design flaws and coding and ...

Multiple compliance backstops were in place at hedge fund adviser Brahman Capital Corp. to safeguard confidential information. Despite the firm’s written P&Ps, code of ethics, ...

Krueger favored his personal accounts over discretionary brokerage customer and advisory client accounts when he executed day trades or delayed allocation of trades until after ...

Complex products bring with them special supervision, suitability and rep training obligations.  Volatility-linked exchange-traded products fit squarely into this bucket and recently led to two ...

The case that spurred FINRA to launch a targeted exam sweep in September 2016 focused on unit investment trust rollovers has now been settled one ...