Evercore Group censured and fined for allegedly failing to maintain adequate market access risk management controls and procedures
The firm’s documentation and supervisory system and procedure failures were connected to credit threshold, erroneous order controls and procedures and the documentation of soft block reviews and control limit modifications.
Exchange Act Rule 15(c)(3) Exchange Act Rule 15c3-5(b) FINRA Rule 2010 FINRA Rule 3110
Former branch office administrator barred for allegedly refusing to produce information and documents and to provide on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
Former client representative barred for allegedly fabricating SIE exam results
FINRA Rule 2010
Former securities representative suspended and fined for allegedly making unsuitable investment recommendations and negligently omitting material information
FINRA Rule 2010 FINRA Rule 2111
Former securities representative suspended and fined for allegedly making unsuitable investment recommendations
A disgorgement of the commissions earned from these investments has also been ordered.
FINRA Rule 2010 FINRA Rule 2111
Former products representative suspended and fined for allegedly exercising discretionary power without customer authorization
FINRA Rule 2010 FINRA Rule 3260
| Unless otherwise noted all respondents accepted and consented to FINRA’s findings without admitting or denying them. |