Failure to supervise

Cohen ignored red flags indicating that Martoma might have access to material nonpublic information about the clinical trial. Martoma in fact had access to material ...

Thousands of unsuitable mutual fund switches and a failure to provide applicable breakpoint discounts will cost Barclays Capital $13.7 million for the suitability violations. In ...

Count I of the Complaint alleged that XFA, Scheffler and Stafford violated NFA Compliance Rule 2-9(a), by failing to adequately supervise XFA's operations. Count ll of ...

SEC officials have been quite vocal of late on the controversial issue of CCO liability. FINRA leaders, however, have been largely silent on the matter. ...

Respondents failed reasonably to supervise Douglas E. Cowgill, the former Chief Compliance Officer of Professional Investment Management, Inc., an investment adviser registered with the Commission, ...

The monitoring of outside business activities of reps is a hot button issue for FINRA.   It is even more explosive when clients of a rep ...

All the signs of trouble were there if only CCO James Goodland had paid attention to them, according to a new enforcement settlement with the ...

Respondent, a former branch office manager of the Guaynabo Complex of offices of UBS Financial Services Incorporated of Puerto Rico, failed reasonably to supervise Jose ...

UBSPR did not establish or implement reasonable procedures and had inadequate systems in place designed to prevent and detect Ramirez’s conduct and his misstatements and ...

You could see this one coming.  Back in its 2014 Regulatory and Examination Priorities Letter, FINRA signaled that it would be expanding its “high-risk broker ...