Under Alexander Capital’s written supervisory procedures (“WSPs”), supervisors were directed to discuss trades that appeared to be unsuitable with the registered representative, and if the ...
Respondent failed reasonably to supervise two registered representatives, (“RR1” and “RR2”) with a view to preventing and detecting their violations of the federal securities laws ...
Alexander Capital failed reasonably to implement certain policies and procedures and permitted a lax compliance environment in which these RRs were not reasonably monitored or ...
These proceedings concern Bayes Capital’s violations of Regulation SHO (“Reg SHO”) of the Exchange Act, in connection with its principal trading practices. As described more ...
WFI compliance personnel identified a significant number of early MLI liquidations in WFI customer accounts. The internal audit found that, going back to 2002, 18% ...
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,” ...
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 ...
The Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) is making technical amendments to certain rules of organization and rules of practice to indicate that Commission
materials ...
In all, the customers invested approximately $8 million, which Pagartanis used to pay personal expenses and make the guaranteed "interest" payments to his customers. To ...