FINRA member Nomura fined for books and records failings
The investment banking and brokerage services firm overstated its daily net capital by misclassifying 5,657 reverse repos.
SEC Rule 17a-4(f)
Stipulates that the records required to be maintained and preserved pursuant to Rule 17a-3 and Rule 17a-4 must be immediately produced or reproduced by way of a recordkeeping system or micrographic media by a designated officer, specialist or affiliated third party.
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Broker-dealer charged with recordkeeping lapses in its underwriting
The SEC said CGMI willfully violated recordkeeping requirements concerning expenses the firm incurred in its underwriting business.
Arm & Hammer claws back comp from a top executive over deleted text messages
Marketing chief was stripped of stock awards because he deleted business related texts on his personal phone.
Latest News
More on SEA 1934 Rule 17a-4
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FINRA fine on broker-dealer spotlights supervisory controls
The broker-dealer was cited for compliance violations, including failures related to Reg BI, email retention, and the supervision of outside business activities.
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FINRA disciplinary action update 2025/39
Disciplinary decisions issued October 18 – 24, 2025.
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SIFMA urges SEC to modernize communication recordkeeping rules
SIFMA said these rules need to be redrafted so firms can "more effectively manage their relationships with clients through seamless and modern communication."
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FINRA disciplinary action update 2025/37
Disciplinary decisions issued October 4 – 10, 2025.
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FINRA disciplinary action update 2025/37
Disciplinary decisions issued October 4 – 10, 2025.
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SEC’s Atkins doubles down on cautious regulation in FT interview
“…in more recent years [the SEC] was not grounded in precedent [or] predictability. It would shoot first and then ask questions later,” Atkins said.
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FINRA disciplinary action update 2025/33
Disciplinary decisions issued August 30 – September 12, 2025.
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Synapse Brokerage CEO and CCO charged with misconduct by FINRA
Key alleged shortcomings include unreasonable supervision as well as failing to maintain books and records.
