A firm settled separate charges with FINRA and Nasdaq for surveillance failures over potentially manipulative trading by a customer subject to heightened supervision.
News & Insights
A broker-dealer settled NYSE charges for failing to implement adequate credit limit and erroneous order controls.
A broker-dealer settled NYSE Arca charges for (i) failing to obtain customer consent prior to adjusting an options trade, (ii) executing the trade at terms that the customer had said were not acceptable and (iii) recordkeeping failures.
A broker-dealer settled NYSE Arca charges for failing to apply erroneous order controls in connection with the execution of a customer order.
A broker-dealer settled parallel NYSE Arca and NYSE American charges for failing to "establish, document, and maintain a system of risk management controls" reasonably designed to (i) prevent the entry of erroneous orders and (ii) supervise the review of potential erroneous orders post-transaction.