Failure to supervise

These proceedings arise out of Barclays’ failure reasonably to supervise traders so as to prevent and detect violations of antifraud provisions of the federal securities ...

Lek Securities Corp. sells itself as the “Gateway to the Markets.” The SEC claims the New York-based broker-dealer provided access to the U.S. markets to ...

In addition, the Order finds that E*TRADE Securities and E*TRADE Clearing violated CFTC Regulation 166.3 by failing to implement policies and procedures to ensure the ...

The Order also finds several supervision failures related to Citigroup’s spoofing. First, Citigroup provided insufficient training about spoofing to traders on its U.S. Treasury and ...

We are just over a month removed from seeing FINRA’s 2017 exam priorities, even while a holdover from the SRO’s 2015 exam priorities letter lingers—a ...

Merrill Lynch will pony up just over $7 million for inadequately supervising its customers’ use of leverage in their brokerage accounts. FINRA fined the firm ...

Not timely reporting more than 365 required filings over a span of several years and, on average, making these filings over four years late is ...

FINRA has signaled in the past that broker-dealers that sell mutual fund “L- shares” to variable annuity clients should anticipate heightened scrutiny (IA Watch, Aug. ...

Artis Financial Management was at least proactive in having a written policy requiring its employees to notify the firm’s CCO of any potential material nonpublic ...

The inaccurate reporting of millions of trades over the course of almost five years has now cost Merrill Lynch $2.8 million. FINRA fined the firm ...