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.
The SEC Office of Investor Education and Advocacy warned investors about the potential dangers of relying on investment advice delivered through social media.