Failure to supervise

Not timely reporting more than 365 required filings over a span of several years and, on average, making these filings over four years late is ...

FINRA has signaled in the past that broker-dealers that sell mutual fund “L- shares” to variable annuity clients should anticipate heightened scrutiny (IA Watch, Aug. ...

Artis Financial Management was at least proactive in having a written policy requiring its employees to notify the firm’s CCO of any potential material nonpublic ...

The inaccurate reporting of millions of trades over the course of almost five years has now cost Merrill Lynch $2.8 million. FINRA fined the firm ...

Harden, failed reasonably to supervise Matthew Teeple (“Teeple”), an Artis employee who procured material nonpublic information from an insider at a public company. Artis also ...

OCIE staff intends to conduct examinations of registered investment advisers that employ or contract with supervised persons that have a history of disciplinary events. These ...

Initially signaled back in January in its 2016 exam priorities letter, the SEC’s Office of Compliance Inspections and Examinations confirmed Sept.12 that it will examine ...

FINRA fined Ameriprise Financial Services $850,000 on Sept. 14 for failing to detect the conversion of more than $370,000 from five customer brokerage accounts by ...

Repeated swap reporting violations by Deutsche Bank AG have led the firm and the CFTC to seek the intervention of a Court-appointed monitor to ensure ...

You can pull this one out of your files when you find the need to drive home the point that it’s wise to heed multiple ...