Trading

Denha allocated a greater proportion of profitable trades, i.e., trades that increased in price from the time of purchase in the omnibus account to the ...

FINRA is proposing to revise the suitability rules to “more effectively address instances of excessive trading in customers’ accounts (BD Watch, July 19, 2018).” Not ...

The Securities and Exchange Commission is adopting amendments to regulatory requirements in Regulation ATS under the Securities Exchange Act of 1934 (‘‘Exchange Act’’) applicable to alternative ...

Mizuho Securities USA’s compliance training materials stressed the expectation of confidentiality concerning clients’ buyback order information. Slides during annual compliance training stated that “clients have ...

FINRA has a plan for cracking down on what it sees as a growing problem with churning: Change the rules of the game to make ...

The Commission’s complaint alleged, in substance, that from at least January 2012 through July 2016, Strong Investment Management (“Strong”) and its co-founder, owner, president, and ...

This proceeding concerns Merrill Lynch’s sustained efforts to hide its practice of routing certain customer orders to other broker-dealers (“External Liquidity Providers,” “Electronic Liquidity Partners,” ...

Trade reporting demands are rising on several fronts, and FINRA is finding new ways to use the data to keep tabs on firms and markets. ...

This proceeding arises from Freeman’s “cherry-picking” of profitable trades to benefit himself. From at least July 17, 2012, through mid-September 2013 (the “relevant period”), Freeman ...

What punishment would you mete out to staff who ignored your firm’s trading policies? A new SEC OIG report to Congress shows the Commission suspended ...