Failure to supervise

Portelli failed to take reasonable steps to address whether ITG personnel under his supervision confirmed ownership of the underlying ordinary shares that purportedly backed the ...

It was the very first priority revealed in FINRA’s exam priorities letter released at the start of the year—devoting attention to firms’ hiring and monitoring ...

Despite clear P&Ps on private securities transactions and outside business activity and regular in-person compliance department inspections, an Ameriprise Financial Services rep was able to ...

FINRA wants to hear from the industry on its current rules governing outside business activities and private securities transactions. The effort is part of the ...

These proceedings arise out of Barclays’ failure reasonably to supervise traders so as to prevent and detect violations of antifraud provisions of the federal securities ...

Lek Securities Corp. sells itself as the “Gateway to the Markets.” The SEC claims the New York-based broker-dealer provided access to the U.S. markets to ...

In addition, the Order finds that E*TRADE Securities and E*TRADE Clearing violated CFTC Regulation 166.3 by failing to implement policies and procedures to ensure the ...

The Order also finds several supervision failures related to Citigroup’s spoofing. First, Citigroup provided insufficient training about spoofing to traders on its U.S. Treasury and ...

We are just over a month removed from seeing FINRA’s 2017 exam priorities, even while a holdover from the SRO’s 2015 exam priorities letter lingers—a ...

Merrill Lynch will pony up just over $7 million for inadequately supervising its customers’ use of leverage in their brokerage accounts. FINRA fined the firm ...