Failure to supervise

MSCO failed in certain respects to implement and maintain adequate systems and procedures for reconciling exchange and clearing fees from at least 2009 through April ...

Over the course of 21 days, from at least March 3, 2016 through March 24, 2016, Tillage's fund administrator received seven fraudulent requests to transfer ...

Merrill Lynch failed to supervise its response to CME Group’s inquiries from January 2010 through December 2010. Specifically, Merrill Lynch relied on the business operations ...

As part of its stepped-up scrutiny of high-risk brokers, FINRA is preparing new guidance on what firms should be doing to exercise heightened supervision of ...

Under Section 15(b)(4)(E) of the Exchange Act, broker-dealers are responsible for supervising, with a view to preventing and detecting violations of the federal securities laws, ...

There is a price to pay when you sign off on certifications that your firm is in compliance with “pre-release agreements” for American Depositary Receipt ...

Portelli failed to take reasonable steps to address whether ITG personnel under his supervision confirmed ownership of the underlying ordinary shares that purportedly backed the ...

It was the very first priority revealed in FINRA’s exam priorities letter released at the start of the year—devoting attention to firms’ hiring and monitoring ...

Despite clear P&Ps on private securities transactions and outside business activity and regular in-person compliance department inspections, an Ameriprise Financial Services rep was able to ...

FINRA wants to hear from the industry on its current rules governing outside business activities and private securities transactions. The effort is part of the ...