A broker-dealer and a former representative settled FINRA charges for suitability and supervisory failings concerning recommendations involving Unit Investment Trusts and preferred stock of a real estate investment trust.

A dually-registered investment adviser and broker-dealer settled SEC charges for failing to disclose conflicts of interest in connection with sources of third-party compensation received through revenue sharing cash sweep payments.

A broker-dealer and a clearing firm settled FINRA charges for inadequate supervision of the "rollover" of investments in Unit Investment Trusts.

FINRA reached a settlement with six member firms for "failures to reasonably supervise early rollovers of Unit Investment Trusts, which caused customers to incur potentially excessive sales charges."