Failure to supervise

FINRA spells out the benefits of strong supervisory systems as a key protection against inadvertent harm to customers in its 2015 exam priorities letter (IA ...

Boost your firm’s exam prep by getting “ahead of the concerns raised in” FINRA’s 2015 exam priorities letter, which was released Jan. 6. It cautions ...

FINRA expects broker-dealers to stick with their fair pricing obligations to their customers when conducting transactions in lower-priced or distressed securities. Merrill Lynch has run ...

This entity failed to meet the minimum net capital requirements of the CFTC for a brief period of time on Jan. 9, 2013, due to ...

“Idea dinners” frequented by equity research analysts, institutional clients and sales and trading personnel have landed Citigroup Global Markets in hot water. FINRA has fined ...

A senior FINRA executive cautions broker-dealers to be sure that their supervisory systems are designed to ensure compliance with Regulation SHO. Brad Bennett, FINRA’s executive ...

One NFA rule designed to prevent abusive sales practices is NFA Compliance Rule 2-9. Subsection (a) of this rule places a continuing responsibility on every ...

The cost of best execution failures is ratcheting up substantially—at least for Citigroup Global Markets. The broker-dealer was fined a mere $28,500 in October 2010 ...

Just days after an SEC commissioner again sought to assuage industry compliance staff worries of being targeted by the agency, Enforcement Director Andrew Ceresneyvowed last ...