A firm settled FINRA charges for suitability and supervisory violations related to the sale of non-traditional and volatility-linked exchange traded products.
News & Insights
A broker-dealer settled FINRA charges for failing to develop and implement a sufficient supervisory system over sales of non-traditional exchange traded products.
FINRA published the findings of its broker-dealer examination program. The report is intended to aid firms in their efforts to bolster compliance with securities laws and regulations.
A U.S. broker-dealer agreed to pay restitution to settle FINRA charges of making unsuitable recommendations in connection with volatility-linked exchange-traded products. FINRA reminded firms of sales practice obligations for such products.
FINRA released a podcast summarizing the latest notices, compliance resources and news from April 2015. The podcast highlighted two recent regulatory notices: (i) Notice 15-12, which announced the 2015 GASB support fee, and (ii) Notice 15-11, which reported on the Securities Industry Regulatory Counsel on Continuing Education's Spring 2015 Firm Element Advisory. The podcast also noted a recent investor alert about reverse convertibles that informs investors about the product's features and risks. The podcast reminded market participants that FINRA's annual conference will be held from May 27