A brokerage firm agreed to pay a fine and restitution to settle FINRA sanctions that it (i) inadequately supervised customer use of leverage in their brokerage accounts, and (ii) lacked adequate supervisory systems and procedures to ensure the suitability of transactions in certain Puerto Rican securities.
News & Insights
32 News Results
The North American Securities Administrators Association issued a report on state regulator enforcement actions in 2015.
The SEC appointed three new members to its Investor Advisory Committee. In addition, the SEC reappointed five members whose terms had recently expired.
President Obama vetoed a Congressional resolution of disapproval to prevent the Department of Labor's implementation of the final rule relating to the "Definition of the Term 'Fiduciary'; Conflict of Interest Rule – Retirement Investment Advice."
FINRA's Board of Governors approved a proposal that would require member firms to disclose the "mark-up" or "mark-down" on retail customer confirmations for a majority of debt securities and corporate transactions.