Supervision

FINRA charged parties failed to evaluate the activities of two reps engaged in OBAs involving investment funds and private placement offerings

Commission staff uncovered Respondents’ misconduct after commencing a risk-based initiative to investigate the use of off-channel and unpreserved communications at broker-dealers

SCUSA contacted the Division of Enforcement upon uncovering off-channel communications potentially related to the business of its broker-dealer

HSI contacted the Division of Enforcement upon uncovering off-channel communications potentially related to the business of its broker-dealer. HSI had already initiated a review of ...

Concerns expressed by both compliance and trading desk about a new account opening fell on deaf ears

Should you have a need to supervise IARs, you can benefit from the aftermath of this case

Seven-month delay in reviewing OBA request and subsequent lack of communication on disapproval decision costs B-D $180K

The Commission staff’s investigation uncovered pervasive off-channel communications at all seniority levels at Cantor. The staff requested off-channel communications data from a sampling of more ...

The federal securities laws impose recordkeeping requirements on broker-dealers to ensure that they responsibly discharge their crucial role in our markets. The Commission has long ...

The firm failed to maintain and preserve off-channel communications its employees sent and received related to the broker-dealer’s business, CGMI received and responded to Commission ...