A firm settled FINRA charges for failing to (i) establish a reasonable supervisory system over potentially manipulative activity and customer credit limits, (ii) document review of the firm's market access risk management controls and (iii) accurately transmit information to the Order Audit Trail System.
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FINRA sanctioned a broker-dealer and permanently banned its former CEO for enabling foreign traders to conduct a manipulative trading scheme.
FINRA CAT, LLC, the FINRA Consolidated Audit Trail Plan Processor responsible for building and managing the platform, selected Amazon Web Services, Inc. as its cloud provider.
A broker-dealer settled allegations that it engaged in a fraudulent masking scheme. The New York State Attorney General reported that the broker-dealer agreed to pay a record penalty of $42 million.
FINRA charged an independent order-execution and clearing firm, and its CEO, with aiding and abetting manipulative trading.