FINRA highlighted practices which firms found effective for mitigating risks associated with customer account takeovers.
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A broker-dealer settled FINRA charges for failing to implement an AML program tailored to the broker-dealer's retail business.
A firm and its principal settled FINRA charges for failing to establish an adequate AML program and a supervisory system.
FINRA warned member firms of an increase in new online brokerage accounts engaged in fraudulent Automated Clearing House "instant funds" transactions.
A firm settled FINRA charges for its failure to "reasonably tailor" its AML program for its "low-priced securities liquidation business."