Trading

Mizuho Securities USA’s compliance training materials stressed the expectation of confidentiality concerning clients’ buyback order information. Slides during annual compliance training stated that “clients have ...

FINRA has a plan for cracking down on what it sees as a growing problem with churning: Change the rules of the game to make ...

The Commission’s complaint alleged, in substance, that from at least January 2012 through July 2016, Strong Investment Management (“Strong”) and its co-founder, owner, president, and ...

This proceeding concerns Merrill Lynch’s sustained efforts to hide its practice of routing certain customer orders to other broker-dealers (“External Liquidity Providers,” “Electronic Liquidity Partners,” ...

Trade reporting demands are rising on several fronts, and FINRA is finding new ways to use the data to keep tabs on firms and markets. ...

This proceeding arises from Freeman’s “cherry-picking” of profitable trades to benefit himself. From at least July 17, 2012, through mid-September 2013 (the “relevant period”), Freeman ...

What punishment would you mete out to staff who ignored your firm’s trading policies? A new SEC OIG report to Congress shows the Commission suspended ...

Timothy Scarpino (“Scarpino”), then a registered representative at registered broker-dealer Scottsdale Capital Advisors (“Scottsdale”), willfully violated Sections 5(a) and 5(c) of the Securities Act when ...

FINRA is advising broker-dealers to exercise caution in recommending and entering unpriced customer orders at and around the opening on the first day of trading ...

A targeted FINRA examination sweep—the first announced by the SRO for 2018—will focus on broker-dealers’ supervisory controls tied to products linked to the Chicago Board ...