Former securities representative suspended for alleged unapproved borrowing from a firm customer
FINRA Rule 2010 FINRA Rule 3240
Murray Securities censured and fined for alleged Reg BI compliance failings
The firm’s policies and procedures discussed Reg BI in ‘general terms’ without directly addressing the firm’s obligations or establishing procedures that would ensure its compliance with these.
In addition the firm has omitted information required in its Form CRS, in particular that highlighting the potential for conflicts of interest, and has failed to establish a supervisory system reasonably designed to achieve compliance with Form CRS obligations.
FINRA Rule 2010 FINRA Rule 3110 SEA 1934 Rule 17a-14 SEA 1934 Rule 15l-1 Reg BI
Securities representative barred for allegedly refusing to appear for on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
Former securities principal barred for allegedly refusing to appear for on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
Former securities representative charged with allegedly failing to provide information and documents
The documents were requested as part of an investigation into unauthorized trading in the account of a customer.
This is a complaint and not an AWC
FINRA Rule 2010 FINRA Rule 8210
DAI Securities censured and fined for allegedly negligently failing to provide investors with material information
The firm did not inform the customers that the issuer of the underlying securities sold to them had not filed its audited financial statements with the SEC or provide them with the reasons for the delay in the filing.
A restitutionary payment of $25,500 has also been ordered.
FINRA Rule 2010
Barclays Capital censured and fined for allegedly failing to effectively supervise trading in covered securities by its research analysts
The firm failed to monitor its research analysts’ managed brokerage accounts for compliance with trading restrictions.
The firm’s supervisory procedures “did not include a process for the review of securities transactions in equity research analysts’ external managed accounts” that would help identify securities law violations including market manipulation and insider trading.
And the firm failed to obtain complete data that would enable it to determine whether it needed to disclose conflicts of interest in its research reports. As a result of this data-feed issue the firm failed to disclose in 803 equity research reports that compensation had been received from the issuer.
FINRA Rule 2010 FINRA Rule 2241 FINRA Rule 3110
Former products representative barred for allegedly refusing to appear for on-the-record testimony
FINRA Rule 2010 FINRA Rule 8210
| Unless otherwise noted all respondents accepted and consented to FINRA’s findings without admitting or denying them. |