Category: FINRA

Industry Association Regulatory – FINRA

FINRA

FINRA Fines Credit Suisse Securities $9 Million for Multiple Operational Failures

WASHINGTON—FINRA announced today that it has fined Credit Suisse Securities $9 million for failing to comply with securities laws and rules designed to protect investors, including the Securities and Exchange Commission’s Customer Protection Rule and FINRA rules requiring firms to…

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FINRA

FINRA Hires Firm to Conduct Independent Review of Arbitrator Selection Process

WASHINGTON—FINRA announced today that it has hired the Lowenstein Sandler law firm to conduct an independent review of how FINRA Dispute Resolution Services (DRS) complied with its rules, policies and procedures for arbitrator selection in an arbitration proceeding whose award…

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FINRA

FINRA Fines Deutsche Bank Securities, Inc. $2 Million For Best Execution Violations

WASHINGTON—FINRA announced today that it has fined Deutsche Bank Securities, Inc. $2 million for failing to comply with its obligation to seek best execution for its customers’ orders.

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FINRA

FINRA Publishes 2022 Report on Exam and Risk Monitoring Program

Includes Initial Findings From Reg BI Exams; Highlights Emerging and Ongoing Regulatory Topics Washington, D.C. – FINRA today published its 2022 Report on FINRA’s Examination and Risk Monitoring Program to provide insights from FINRA’s oversight programs to FINRA member firms….

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FINRA

FINRA Issues Reminder About the Scope of Chief Compliance Officer Supervisory Liability

WASHINGTON—FINRA today issued a Regulatory Notice reminding member firms about the scope of broker-dealer chief compliance officer (CCO) supervisory liability under FINRA rules.

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FINRA

FINRA Extended Hearing Panel Expels Alpine Securities; Orders Alpine to Pay $2.3 Million in Restitution to Customers

WASHINGTON – FINRA announced today that a FINRA extended hearing panel has expelled Salt Lake City-based broker-dealer Alpine Securities Corp. from FINRA membership, and ordered the firm to pay more than $2.3 million in restitution to customers for converting and…

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FINRA

Report From FINRA Board of Governors Meeting – March 2022

Board Approves Rulemaking Items and Use of 2021 Fine Monies; Meets With SEC Chair Gary Gensler

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FINRA

FINRA Seeks Advisory Committee Members

Outreach Follows Recent Efforts to Expand Opportunities for Participation WASHINGTON – FINRA today issued Special Notice 3/31/22 to encourage securities industry professionals and non-industry stakeholders from diverse backgrounds to become involved in FINRA’s advisory committees.

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