Failure to supervise

Flawed compliance and surveillance procedures can trip up even the largest of firms. Merrill Pierce, Pierce, Fenner & Smith makes the case. The dual registrant, ...

These proceedings arise out of Merrill’s failure reasonably to supervise Firm personnel so as to prevent and detect violations of antifraud provisions of the federal ...

Mark Karow (“Karow”), then a registered representative at registered broker-dealer Legend Securities, Inc. (“Legend”), willfully violated Sections 5(a) and (c) of the Securities Act when ...

The fallout continues from a now nearly two years’ old insider trading case involving two portfolio managers at a New York-based hedge fund adviser (PF ...

Variable annuity exchanges continue to bedevil Fifth Third Securities. The Cincinnati-based brokerage firm has been hit with its second significant FINRA enforcement action involving the ...

This matter involves the failure by Ku, Chief Financial Officer (“CFO”) of registered investment adviser Visium Asset Management, LP (“Visium”), reasonably to supervise Visium portfolio ...

FINRA wants to know if its rule requiring each registered rep and principal to participate in annual compliance meetings has furthered the supervision of registered ...

A targeted FINRA examination sweep—the first announced by the SRO for 2018—will focus on broker-dealers’ supervisory controls tied to products linked to the Chicago Board ...

A thirty-year tenure at a firm is rare these days and tends to gain the employee a certain amount of leeway.  But for Wedbush Securities ...

Wedbush failed reasonably to supervise one of its registered representatives, Timary Delorme (“Delorme”), who engaged in manipulative trading activity of penny stocks over multiple years, ...