A broker-dealer settled charges with FINRA it sent confirmations to institutions' customers that "inaccurately reflected the capacity in which the firm acted."
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A broker dealer settled FINRA charges for failing to disclose to retail customers markup and markdown information on transactions in debt securities, including municipal securities and corporate and agency debt.
A broker-dealer settled charges with FINRA for failing to include required information on customer confirmations for municipal securities transactions.
FINRA adopted a short-form application process for SEC-registered non-FINRA member firms that must become FINRA members under recently amended rules.
FINRA proposed rule amendments for broker-dealers to establish a short-form membership application process and partial fee waiver for certain firms applying for FINRA membership. The proposal follows recent SEC rule changes that require firms that trade only on exchanges to become members of FINRA.