Failure to supervise

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 ...

NFA's exam found deficiencies in several facets of Amp's operations including its anti-money laundering (AML) procedures, its Risk Management Policy and the way the firm ...

An SEC examination of 10 broker-dealer branch offices that distribute structured securities products shows B-Ds have work to do when it comes to the implementation ...

A new sweep directed at broker-dealers by FINRA continues the SRO’s assessment of how firms identify, mitigate and manage conflicts. The sweep focuses especially on ...

The SEC has now brought its first case against an underwriter for pricing-related fraud in the municipal securities primary market.  On August 13, the Commission ...

During the pendency of their fraud, Glover and Williams received undisclosed commissions from Colonial Tidewater totaling approximately $188,382. Glover’s receipt of commissions from Colonial Tidewater ...