Failure to supervise

Responding to deficiencies identified by your regulator with concrete remedies is critical. Actually implementing the pledged solutions on a timely basis is even more important. ...

More and more regulators are mandating that firms in trouble hire independent consultants to address supervisory and compliance shortcomings. IA Watch recently spoke with several ...

Rapid growth via acquisition and aggressive rep recruitment has come at a price for LPL Financial. The nation’s largest independent broker-dealer has been fined $10 ...

This case puts forth that the firm did not have adequate policies or procedures governing the transfer of positions between customers’ accounts, and no set ...

There is room for improvement for brokerage firms conducting business with senior investors say the SEC and FINRA. The regulators would like to see broker-dealers ...

The CTA also failed to maintain required records. DECISION: On April 13, 2015, pursuant to a settlement offer submitted by Wharton Management and Wharton, they ...

This case concerned not having required procedures regarding allocations from bunched orders, in violation of NFA Compliance Rule 2-10. The Complaint also charged David George ...

It’s right there in black and white in FINRA’s 2015 regulatory and examinations priorities letter as one of five key challenge areas for broker-dealers: supervision, ...

Make sure you monitor wage garnishment orders that come in concerning your employees to determine if they rise to the level of reportable events on ...