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Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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NEWSLETTERS & ALERTS
FINRA Quarterly Disciplinary Review - April 2017
FINRA just published its quarterly review of recent disciplinary actions involving registered reps - which complement the detailed disciplinary information and decisions and a summary of monthly disciplinary actions on FINRA's web site.This quarter, FINRA highlights the following categories:
1. Failing to Adopt and Implement Supervisory Procedures Related to Research Reports and an AML Compliance Program.
2. Using Non-Firm Communication Methods to Communicate With a Customer, and Making Exaggerated and Promissory Claims About Securities
3. Purchasing Securities While in Possession of Material Nonpublic Information
4. Improperly Effecting Discretionary Trades in Accounts, Failing to Mark Trades as Discretionary, and Making False Statements on Compliance Questionnaires
5. Exercising Time and Price Discretion in the Purchase of Municipal Bonds, and Failing to Disclose the Use of That Discretion on Compliance Questionnaires
6. Failing to Timely Disclose an outtside Business Activity and Providing False Information on Compliance Questionnaires
7. Accessing Study Materials and Personal Notes During a General Securities Representative (Series 7) Exam
8. Opening a Securities Account at an Outside Firm, Effecting Securities Transactions in the Outside Account, and Signing New Account Documents at the Outside Firm
[Click link below for specific case studies.]