Broker-Dealers

Liquidnet also made material misrepresentations to subscribers and potential subscribers in response to due diligence inquiries about the safeguards it maintained over confidential subscriber trading ...

Three broker-dealers avoided the imposition of fines in mutual fund fee waiver cases due to their cooperation

In part, the proposed amendments are aimed at improving the regulation of underwriting compensation

FINRA charged firm with failing to detect customers with cash accounts who engaged in free-riding in options and issued options

The SEC adopts changes to the B-D net capital rule and customer protection rule to permit certain B-Ds that perform a daily reserve computation for ...

"Today’s amendments would change this requirement for the largest broker-dealers to daily computation rather than weekly"

"The rule the Commission is adopting today increases, for the largest broker-dealers, the frequency at which they must perform the reserve calculations"

"The adoption of the final amendments has been rushed in an apparent attempt to be promulgated prior to the end of the Biden Administration"

Broker-dealer received underwriting compensation that was "unreasonably and inaccurately described in the offering documents an to FINRA"

A failure to preserve 14,000 records led to a $30,000 FINRA fine