Failure to supervise

Although Laidlaw had monitoring procedures to detect potential violations by reps of the quantitative prong of the Care Obligation, Laidlaw did not reasonably maintain and ...

FINRA charged parties failed to evaluate the activities of two reps engaged in OBAs involving investment funds and private placement offerings

Commission staff uncovered Respondents’ misconduct after commencing a risk-based initiative to investigate the use of off-channel and unpreserved communications at broker-dealers

SCUSA contacted the Division of Enforcement upon uncovering off-channel communications potentially related to the business of its broker-dealer

HSI contacted the Division of Enforcement upon uncovering off-channel communications potentially related to the business of its broker-dealer. HSI had already initiated a review of ...

Concerns expressed by both compliance and trading desk about a new account opening fell on deaf ears

Should you have a need to supervise IARs, you can benefit from the aftermath of this case

Seven-month delay in reviewing OBA request and subsequent lack of communication on disapproval decision costs B-D $180K

The Commission staff’s investigation uncovered pervasive off-channel communications at all seniority levels at Cantor. The staff requested off-channel communications data from a sampling of more ...

The federal securities laws impose recordkeeping requirements on broker-dealers to ensure that they responsibly discharge their crucial role in our markets. The Commission has long ...