Bank of America, BofA Securities, FINRA, NYSE:BAC, OTC options
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Between January 2009 and October 2020, BofAS failed to report OTC options positions to the LOPR in more than 7.4 million instances.
FINRA has barred two individuals from the securities industry for cheating during qualification examinations administered online.
Barclays Capital, featured
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Barclays has agreed to pay a fine of $2.8 million for failure to comply with customer confirmation and related supervision rules.
National Securities Corporation
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FINRA fines National Securities Corp $9 million for attempting to artificially influence the aftermarket in 10 offerings.
FINRA has suspended former UBS representative Ramiro Luis Colon III for using WhatsApp Messenger to communicate about securities-related business.
Credit Suisse Securities, featured
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Credit Suisse Securities has agreed to pay a fine of $200,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
featured, HSBC, HSBC Securities USA Inc
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Between July 2017 and September 2020, HSBC failed to ensure that intermarket sweep orders it routed to certain market centers met the NMS requirements.
Bank of America, Merrill Lynch, NYSE:BAC
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Merrill Lynch maintained a system designed to restrict a customer’s purchase of Class C shares when lower cost Class A shares were available.
featured, SunTrust, Truist Securities
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From April 2013 through June 2015, traders at SunTrust engaged in trading designed to increase the firm’s trading volume in certain stocks.
BIDS Trading, featured
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From July 2018 to August 2019, BIDS overstated its advertised trade volume on Bloomberg and Thomson Reuters.
