FINRA

First Manhattan Co. bought municipal securities from an unaffiliated dealer without making a reasonable effort to obtain fair and reasonable prices, FINRA said.

The investigation had appeared likely to be tied to a fraud case involving the New York State Common Retirement Fund.

Sources say Hopper has considerable experience with municipal securities in her many years at the Financial Industry Regulatory Authority.

The board will, among other things, review comments on a proposed order that would allow municipal advisors to participate in some private placement activities.

The Financial Industry Regulatory Authority released its annual Risk Monitoring and Examinations Priorities letter Thursday.

Dealer groups want the SEC to examine broker-dealers and municipal advisors equally.

The investigation appears to be linked to the supervision of Deborah Kelley, a broker who was convicted and sanctioned for bribing a state pension fund officer.

Events at the SEC are likely to create a number of important MSRB rule changes in the coming year.

The Financial Industry Regulatory Authority found D.A. Davidson & Co. provided inaccurate pricing in issue price certificates.

The Financial Industry Regulatory announced the action Wednesday, saying it stemmed from the firms' supervisory failures.

The Municipal Securities Rulemaking Board plans a review after pressure from Sens. John Kennedy and Elizabeth Warren to change the makeup of its membership.

After getting national attention for allegedly swindling millions from a disabled billionaire client, brokers Ami Forte and Charles Lawrence have been barred from the industry.

The dealer entered into two municipal bond orders into a recently deceased customer's account.

The Financial Industry Regulatory Authority's 2019 Report on Examination Findings, released Wednesday, discussed violations FINRA personnel discovered.

The firm attached a corrective action statement detailing changes to its personnel, compliance department and municipal trading desk.

Administrative failures or a lack of understanding of the rule may be to blame.

The Financial Industry Regulatory Authority previously sanctioned UBS in 2015 for similar violations.

The New York-based firm mismarked 90% of its municipal securities trades, FINRA found.

Late last week FINRA sent out a notice reminding its members to register as MAs if they engage in investment-related activity with their clients.

FINRA settled with two parties after they violated MSRB Rule G-17 by whiting out dates and failing to disclose a $2 million fee up until an issuance.