BofA Securities censured and fined for allegedly failing to submit timely and accurate Regulation M-related notifications
The inaccurate restricted period notifications included shortcomings in connection with distribution participants.
The firm’s supervisory systems and procedures, including the WSPs were not reasonably designed to ensure compliance with restricted period notification compliance requirements.
FINRA Rule 2010 FINRA Rule 3110 FINRA Rule 5190
Securities principal and compliance officer barred for allegedly failing to produce documents and information and refusing to appear for on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
Thrivent Investment Management censured and fined for alleged failings connected to electronic signatures
The firm’s representatives sent documents requiring customer signatures to their own email addresses and then falsified the signatures. At least 260 firm documents, including account records and memoranda of instructions for the purchase of securities were affected.
The firm’s supervisory system did not include any procedures to supervise the use of electronic signatures and the firm failed to detect instance of electronic signature falsification as a result.
The firm has agreed to an imposition of an undertaking requiring it to certify in writing the remediation of the issues identified.
SEA 1934 Rule 17a-3 FINRA Rule 2010 FINRA Rule 3110 FINRA Rule 4511
Former securities representative suspended and fined for allegedly cheating during an exam
FINRA Rule 2010
Former securities representative charged with allegedly failing to provide information and documents or appear for on-the-record testimony
This is a complaint and not an AWC.
FINRA Rule 2010 FINRA Rule 8210
Former products representative barred for allegedly refusing to appear for on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
Former investment banking representative charged with allegedly failing to provide information and documents
This is a complaint and not an AWC.
FINRA Rule 2010 FINRA Rule 8210
Former securities representative barred for allegedly refusing to appear for on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
Securities representative barred for allegedly refusing to provide information and documents
FINRA Rule 2010 FINRA Rule 8210
| Unless otherwise noted all respondents accepted and consented to FINRA’s findings without admitting or denying them. |
