Failure to supervise

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 ...

Respondent failed to have systems that would reasonably be expected to ensure that Sandru’s heightened supervision plan was disclosed to and implemented by his supervisors. As ...

Bastron, however, never signed the PDP, never sent a copy to Sandru, never returned the PDP to Compliance and failed to implement any of the ...

FINRA promised and now it has delivered. In its 2016 regulatory and examination priorities letter, the SRO stated that it would review broker-dealers’ role as ...

As digital investment advice tools – so called robo-advisors – increasingly play an important role in wealth management, FINRA is cautioning that investor protection should ...

A manipulative trading scheme to artificially inflate the market price and trading volume for the common shares of IceWEB has led to the barring from ...