A broker-dealer settled FINRA charges for failing to review the suitability of investment recommendations in non-traded Real Estate Investment Trusts and for failing to timely respond to relevant customer complaints.
A firm settled FINRA charges for suitability and supervisory violations related to the sale of non-traditional and volatility-linked exchange traded products.
A firm settled FINRA charges for failing to reasonably supervise a representative's alternative investment recommendations for certain customers.
FINRA stated that marketing materials should reflect the fact that many private placements are either illiquid or speculative in nature, and should "balance claims of these investments' benefits by disclosing these risks."
Purshe Kaplan Sterling Investments agreed to pay restitution and additional penalties to settle FINRA charges that the firm had failed to supervise adequately an employee who made fraudulent sales.