A brokerage firm settled SEC charges for supervisory failures related to a registered representative's misappropriation of an elderly client's funds.
Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) urged regulators to adopt policies that facilitate innovation and consumer choice through the development of a healthy competitive market.
A broker-dealer settled FINRA charges for failing to reasonably respond to red flags of unsuitable use of margin in customer accounts.
A broker-dealer settled FINRA charges for failing to reasonably supervise suitability recommendations in connection with the offering of private placements and filing required documents late.
A broker-dealer settled FINRA charges for excessive trading in customer accounts, as well as missing red flags and failing to timely respond when red flags were spotted.