Failure to supervise

FINRA wants to know if its rule requiring each registered rep and principal to participate in annual compliance meetings has furthered the supervision of registered ...

A targeted FINRA examination sweep—the first announced by the SRO for 2018—will focus on broker-dealers’ supervisory controls tied to products linked to the Chicago Board ...

A thirty-year tenure at a firm is rare these days and tends to gain the employee a certain amount of leeway.  But for Wedbush Securities ...

Wedbush failed reasonably to supervise one of its registered representatives, Timary Delorme (“Delorme”), who engaged in manipulative trading activity of penny stocks over multiple years, ...

FINRA is looking to move on a single streamlined rule addressing the outside business activities and private securities transactions of broker-dealers’ registered persons. The SRO ...

FINRA is dialed in to ensuring a consistent approach to enforcement so that you know what you can expect from the SRO and then can ...

Deutsche Bank Securities will be reimbursing certain of its commercial mortgage-backed securities customers who overpaid for CMBS after being misled about pricing by the firm’s ...

These proceedings arise out of the failure of DBSI and Solomon reasonably to supervise DBSI traders, and for DBSI reasonably to supervise DBSI salespeople, to ...

A finding of systemic supervisory failures can be awfully costly. Just ask Meyers Associates.   In a Jan. 4 decision, the National Adjudicatory Council upheld ...

Beware legacy systems acquired in acquisitions. A legacy system from Bear Stearns Securities  employed by J.P. Morgan and replete with design flaws and coding and ...