Trading

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 ...

A thirty-year tenure at a firm is rare these days and tends to gain the employee a certain amount of leeway.  But for Wedbush Securities ...

Wedbush failed reasonably to supervise one of its registered representatives, Timary Delorme (“Delorme”), who engaged in manipulative trading activity of penny stocks over multiple years, ...

Delorme and her husband became involved in Englebrecht’s microcap securities scheme. Engelbrecht engaged in manipulative trading using the stocks of several microcap issuers that he ...

The amount of FINRA fines, sanctions, cases, and industry bars were all down in 2017 when compared with the prior year, according to the recent ...