A municipal securities firm settled FINRA charges for failing to file complete and timely quarterly reports with the Municipal Securities Rulemaking Board and for failing to establish, maintain, and enforce an adequate supervisory system.
News & Insights
A broker-dealer settled FINRA charges for attempting to influence the market for securities offered by the firm’s corporate affiliates and investment banking clients.
A broker-dealer settled FINRA charges for failing to conduct reasonable due diligence in connection with a private-placement offering and for failing to maintain the minimum net capital required to operate as a securities business.
A broker-dealer settled FINRA charges for supervisory failures over sales of higher fee mutual fund share classes.
In a regulatory notice, FINRA reminded firms of their sales practice obligations to "alternative" registered investment companies, which FINRA defined as mutual funds that "seek to achieve their objectives through investments in non-traditional investment or asset classes."