A brokerage firm settled SEC charges for supervisory failures related to a registered representative's misappropriation of an elderly client's funds.
A broker-dealer settled FINRA charges for failing to adequately supervise the outside business activities of its registered representatives.
FINRA proposed amendments to its rules on clearly erroneous transactions in exchange listed securities to make a pilot program permanent and "limit the circumstances where clearly erroneous review would continue to be available during regular trading hours."
Comments on a FINRA proposal to update Arbitration Code references related to the new arbitrator list selection process are due by October 19, 2022.
A broker-dealer settled FINRA charges for failing to (i) implement reasonably designed AML policies, (ii) identify and respond to potentially manipulative trading and (iii) establish sufficient market access controls and procedures.