Form CRS surfaced undisclosed production credit fees for Merrill Lynch wrap fee program clients
Seven-month delay in reviewing OBA request and subsequent lack of communication on disapproval decision costs B-D $180K
FINRA has issued two risk alerts in less than six months cautioning about the risks of ACATS fraud
Proponents see existential threats grow exponentially
FINRA enforcement action follows on prior exam sweep and sweep update
Broker-dealer implements numerous steps to improve system for approving customers for options trading in wake of enforcement action
Broker-dealer with a business focus on trading in microcaps only filed two SARs in just over two years
FINRA provides practices firms may want to consider when evaluating their social media influencer programs and privacy obligations
FINRA's five new focus areas are financial crimes, manipulative trading, fixed income/fair pricing, fractional shares, and Reg SHO
The rulebook is designed to enhance broker-dealers' compliance efforts, reduce costs and aid in risk management