Failure to supervise

It’s been nearly two years in the making but FINRA is now moving on proposed amendments and new rules tied to gifts, gratuities and non-cash ...

FINRA has fined Barclays Capital $1.3 million for “systemic” Order Audit Trail System reporting violations. The SRO discovered 15 system issues at the firm that ...

Barclays failed to implement and maintain adequate systems for reconciling invoices from exchange clearinghouses with the amounts of fees actually charged to its customers through ...

A CFTC staff advisory released July 25 clarifies that additional supervisory reporting and consultative relationships for CCOs of swap dealers, major swap participants, and futures ...

Over a hundred opportunities to catch forged annuity withdrawal requests ultimately fell by the wayside for Prudential Annuities Distributors, leading to the theft of $1.3 ...

Despite taking the proactive step of instituting policies tied to the purchase of non-traditional ETFs in the wake of a 2009 FINRA regulatory notice warning ...

Stephens Inc. will cease distributing firm-wide internal “flash” e-mails sent by its research analysts to trading personnel conveying information about companies and industries the broker-dealer ...

Materially inaccurate information in nearly three quarters of the variable annuity replacement applications approved by a MetLife broker-dealer subsidiary over a six-year period has yielded ...

Respondents failed reasonably to supervise Douglas E. Cowgill (“Cowgill”), the former Chief Compliance Officer (“CCO”) of Professional Investment Management, Inc. (“PIM”), an investment adviser registered ...

FINRA and the SEC continue to hammer at problematic conduct they have seen stemming from algorithmic trading strategies. On April 7, the Commission approved a ...