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Failure to supervise
A senior FINRA executive cautions broker-dealers to be sure that their supervisory systems are designed to ensure compliance with Regulation SHO. Brad Bennett, FINRA’s executive ...
One NFA rule designed to prevent abusive sales practices is NFA Compliance Rule 2-9. Subsection (a) of this rule places a continuing responsibility on every ...
The cost of best execution failures is ratcheting up substantially—at least for Citigroup Global Markets. The broker-dealer was fined a mere $28,500 in October 2010 ...
Just days after an SEC commissioner again sought to assuage industry compliance staff worries of being targeted by the agency, Enforcement Director Andrew Ceresneyvowed last ...
A greater spotlight will be placed on FINRA applicants and transfers should the revised supervision rule go into effect. Last week, the SRO's board approved ...
It started as a routine exam by a state regulator in 2007 and seven years later remnants of the case languish in court as a ...
It looks like Matthew Collins will have to dig deep into his pockets to satisfy an SEC judgment. The former supervisor at Prime Capital Services ...
Those recent FAQs from the SEC's Division of Trading and Markets (IA Watch, Oct. 7, 2013) help but if you're a CCO nervous about crossing ...