FINRA announces first enforcement actions for cheating on remote exams
FINRA has barred two individuals from the securities industry for cheating during qualification examinations administered online.
FINRA News
FINRA fines Barclays $2.8M for non-compliance with customer confirmation, supervision rules
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.
FINRA imposes $9 million fine on National Securities Corp
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 suspends ex-UBS rep for using WhatsApp
FINRA has suspended former UBS representative Ramiro Luis Colon III for using WhatsApp Messenger to communicate about securities-related business.
Credit Suisse to pay $200,000 fine for reporting deficiencies
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).
FINRA fines HSBC for violating Regulation NMS
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.
Merrill Lynch to pay $15.2 million for price discrepancy on funds
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.
FINRA fines SunTrust Robinson Humphrey $1.25 million
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 to pay $200,000 fine for overstating its advertised trade volume
BIDS Trading, featured
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From July 2018 to August 2019, BIDS overstated its advertised trade volume on Bloomberg and Thomson Reuters.
FINRA fines Wefunder, StartEngine combined $1.75 million
featured, StartEngine, Wefunder
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FINRA has fined Wefunder and StartEngine a combined $1.75 million for failing to comply with securities laws and rules.