FINRA collated SEC staff bulletins and FINRA resources to improve member compliance with Regulation Best Interest.
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FINRA settled charges with four firms for misrepresentations and supervision failures on their "fully paid securities lending" programs.
A broker-dealer settled FINRA charges for failing to timely deliver customer relationship summaries to retail customers and failing to have adequate written supervisory procedures to ensure compliance with Regulation Best Interest.
A broker-dealer settled FINRA charges for failure to establish written and supervisory procedures to ensure compliance with Regulation Best Interest and customer relationship summary requirements.
A broker-dealer settled FINRA charges for overstating its net capital, which caused several additional reporting and recordkeeping violations.