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FINRA disciplinary action update 2024/27

Montage of person walking by the FINRA sign.
GRIP Montage: Getty Images

Disciplinary decisions issued July 6 – 12, 2024.

UBS censured and fined for allegedly failing to monitor transmittals of customer funds to third parties

A registered representative at the firm sold a fixed annuity product offered by a company formed by a college friend to at least 30 UBS customers.

Despite the funds facilitating the purchases being wired directly