Trading

Lebel defrauded four customers by churning several of their accounts. In particular, Lebel exercised de facto control over these customers’ accounts and excessively traded mutual ...

A dramatic increase in the fines reported by FINRA during the first-half of 2016 has the SRO poised to shatter its record-setting year of 2014 ...

Allegedly reaping over a half-million dollars in ill-gotten gains by “cherry-picking” profitable trades and “double-dipping” on fees has resulted in SEC fraud charges against an ...

The transition to a T+2 settlement cycle has moved ever closer after the SEC unanimously approved Sept. 28 a proposed amendment to shorten the standard ...

The highest-ever SEC penalty for violations of the Market Access Rule was announced by the Commission Sept. 26. Under a settlement, Merrill Lynch agreed to ...

While the proposal would shorten the current three-day (T+3) trade settlement cycle to two days (T+2), the release also asks questions about moving to a ...

The Securities and Exchange Commission (“Commission”) proposes to amend Rule 15c6-1(a) under the Securities Exchange Act of 1934 (“Exchange Act”) to shorten the standard settlement ...

The Order further finds that the trades were executed under circumstances where certain Newedge account representatives either knew that clients desired to net out futures ...

Just a one day change will help mitigate the risks of an unnecessarily long settlement cycle that have persisted despite rapid improvements in technology.[4] ...

The Order finds that from at least March 1, 2013 through November 13, 2015, every LTR submitted by Wells Fargo failed to meet Part 20 ...