A broker-dealer settled FINRA charges for failing to establish, document, and maintain a system of risk management controls and supervisory procedures to manage the financial risks of its direct market access business activity.
A broker-dealer settled FINRA charges for failing to (i) transmit required reportable order events to the Order Audit Trail System and (ii) include complete and accurate information in required quarterly reports.
A broker-dealer settled FINRA charges for failing to supervise one of its former registered representatives, who allowed her then-husband to engage in securities business with the broker-dealer's customers.
A broker-dealer settled FINRA charges for failing to (i) exercise reasonable diligence to ensure the best market for the execution of customer orders and (ii) conduct transactions in such a market to ascertain that resultant prices were "as favorable as possible under prevailing market conditions."
The Cboe BYX, Cboe EDGA, Cboe EDGX and Cboe BZX exchanges filed separate disciplinary actions against two general securities principals for failing to confirm that a market access control vendor and customer were interdependent from one another.