A firm settled FINRA, NYSE Arca, Inc. and NYSE American charges for supe rvisory failures in connection with partial tender offers.
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FINRA is seeking comment on a proposal to expand prohibitions against outside borrowing and lending agreements between registered individuals and their customers.
FINRA proposed requirements for members to produce quarterly order routing disclosure reports for OTC equity securities submitted on a held basis.
A broker-dealer settled FINRA, NYSE and NYSE American charges for violations of short sale close out and "penalty box" provisions, which prohibit the short sale of securities when Reg. SHO's close out requirement is unsatisfied and the broker-dealer has not borrowed or arranged to borrow the securities.
A firm settled FINRA charges for failing to adequately review one of its registered representative's outside business activity disclosures.