A firm settled FINRA charges of failing to implement an adequate AML program for transactions involving low-priced securities and foreign financial institutions.
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A broker-dealer settled FINRA charges for failing to implement an adequate AML program on the firm's penny stock business.
FINRA Board of Governors approved the issuance of six new rulemaking proposals.
A broker-dealer settled FINRA charges for alleged deficiencies in its anti-money laundering compliance program related to penny stock transactions.
FINRA reminded broker-dealers that provide quotations in the securities of a foreign private issuer to make available specified information upon request to any person that expresses an interest in a transaction in the issuer's securities, pursuant to Exchange Act Rule 15c2-11(a)(4) . In the Regulatory Notice, FINRA stated that where the foreign private issuer restricts U.S. investors from accessing the issuer's website, broker-dealers must make this information available through other means.