Failure to supervise

Compliance personnel recommended moving the FuelCell account to another trading desk to take advantage of that desk’s “newly built execution protocols for issuer stock sales.” ...

B-Ds supervisory systems and WSPs will be examined

Merely reciting the applicable rules heads the list

Investment advisers and broker-dealers should take extra steps to make sure they’re validating investors’ identities and the authenticity of disbursement instructions, and have “a trusted ...

Investment advisers and broker-dealers should take extra steps to make sure they’re validating investors’ identities and the authenticity of disbursement instructions, have “a trusted contact ...

First Western will pay $200K penalty under settlement

First Western did not require training for its IARs and supervisors about Rule 144A securities and did not adopt any other process to sufficiently educate ...

compliance staff failed to create P&Ps to ensure that reps were being monitored when placing clients in inverse ETFs

Wells Fargo was previously sanctioned by FINRA for similar conduct occurring prior to July 2009

More than 2,000 transactions did not contain any provisions to satisfy the Pre-Release Obligations