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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
FINRA Reports Disciplinary Actions Against 13 Firms, 39 Individuals
by Howard Haykin
FIRM'S CASES. Fines for cases involving member firms individuals ranged up to $800K, with restitutions ranging up to $1.4 million. The four largest cases dealt involved sales of mutual funds and variable annuity contracts.
INDIVIDUALS' CASES. Fines involving individuals ranged from $5K to $15K, restitutions ranged up to $961K, and suspensions ranged up to 2 years. Sixteen individuals were barred for refusing/failing to cooperate with FINRA investigations.
Among the topics covered in these cases:
Suitabilty: AWC #'s ... 2016049775701, 2016051750001, 2016049232201.
Expense Reports: AWC #'s ... 2014040761001, 2016051449201, 2016051449001.
OBAs: AWC #'s ... 2016051351001, 2016050093401, 2016049134902.