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Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

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FCPA Blog Daily News

Entries in FINRA (26)

Wednesday
May162018

U.S. regulators fine CCO and brokerage firms for AML offenses

The SEC Wednesday charged a chief compliance officer and two broker dealers with failing to file Suspicious Activity Reports after red flags came up for the sale of 12.5 billion shares of penny stocks.

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Thursday
Mar292018

Two Wall Street compliance officers charged for ignoring red flags

The SEC alleged Wednesday that two former anti-money laundering compliance officers for a New York broker dealer aided and abetted their firm's AML violations.

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Thursday
Feb222018

FINRA warns public about fake . . . FINRA

The Financial Industry Regulatory Authority (FINRA) warned about con artists posing as FINRA to make phony investment pitches.

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Wednesday
Feb212018

Richard Bistrong: Who’s gaming your compliance program? 

Instead of completing compliance training modules on their own, three Credit Suisse bankers had their administrative assistants do the work for them.

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Friday
Jan052018

FINRA penalizes Citigroup $11 million for telling customers to buy when it meant sell

For nearly five years Citigroup Inc. sent retail customers the wrong research ratings on more than 1,800 stocks, causing many to buy and hold shares they never would have owned.

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Friday
Dec222017

FINRA fines Raymond James $2 million for flawed email monitoring system

The Financial Industry Regulatory Authority fined Raymond James $2 million for using a system that didn't properly monitor or review employee emails.

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Friday
Dec082017

FINRA bars New York broker who cheated blind elderly widow

The Financial Industry Regulatory Authority barred a New York-based broker for churning the account of a blind elderly widow and recommending unsuitable investments.

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Monday
Nov272017

FINRA fines J.P. Morgan for thousands of HR due diligence failures

The Financial Industry Regulatory Authority fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct proper background checks on 8,600 new employees.

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Wednesday
Oct042017

FINRA bars former Goldman Sachs banker linked to 1MBD

Wall Street's independent regulator banned a former Goldman Sachs banker linked to a Malaysia sovereign wealth fund that was allegedly looted, after he said he wouldn't cooperate with the regulator's investigation.

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Wednesday
Sep272017

FINRA penalizes Morgan Stanley $13 million for failing to supervise salespeople

The Financial Industry Regulatory Authority (FINRA) said Wednesday it penalized Morgan Stanley Smith Barney LLC about $13 million for failing to supervise its representatives’ short-term trades of unit investment trusts.

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Monday
Jul102017

FINRA warns compliance officers (and others): Beware of fake online job interviews

Wall Street's independent regulator warned that people claiming to be involved in the hiring process for legitimate organizations are using Skype and similar apps to phish for personal information and money.

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Monday
Jun052017

Ex-Morgan Stanley trader hid Venezuela bond trades from compliance reviews

The Financial Industry Regulatory Authority (FINRA) barred a former Morgan Stanley representative for concealing the customers behind around $190 million in Venezuelan bond trades.

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