FINRA

It could signal the issuer did not get the best price during a negotiated deal, officials said.

Former WMATA CFO Yetunde Olumide has joined the MSRB as its chief financial officer.

"Compliance should never feel like a game of gotcha," SEC Chairman Paul Atkins said.

"BNY is pleased to have resolved this matter," a BNY spokesperson said.

"We are pleased to resolve this matter," Wells Fargo said in a statement.

BDA's Decker hopeful that the "sensible regulation" trend will continue. 

The compliance outreach program for municipal advisors and dealers, will be hosted jointly by the SEC, MSRB and FINRA.

"We sued to take a stand against the SROs on principle," an ASA spokesperson said Wednesday in a reference to both the MSRB and FINRA.

"Ultimately, this report is essential because member firm compliance protects investors and safeguards the integrity of our markets," FINRA's Greg Ruppert said.

FINRA found that the firm failed to include the non-transaction-based compensation indicator when reporting 12,066 municipal securities transactions.

Fippinger teamed up with co-authors Peg Henry and Ernesto Lanza for "The Securities Law of Public Finance (Fourth Edition)."

The $16,250 was part of a $150,000 total fine Wedbush agreed to pay to settle FINRA allegations.

"Over the next fiscal year, I look forward to collaborating with MSRB Board members from across our industry, and the nation," Board Chair Natasha Holiday said.

Interactive Brokers said it "promptly addressed the issue that gave rise to the settlement."

Little Rock, Arkansas-based Stephens Inc. consented to FINRA's findings without admitting or denying them.

The $137,500 fine for allegedly violating MSRB Rule G-27 was part of a $275,000 total fine imposed.

Ninety percent of FINRA's operating expenses are driven by compensation and technology costs.

The $28,800 fine pertaining to violations of Municipal Securities Rulemaking Board rules was part of a $75,000 total fine imposed by FINRA.

First Southern LLC failed to timely and accurately report on trades executed for an affiliated hedge fund, FINRA said.

SROs "are now being guided by individuals who lack a deep real-world understanding of the markets they oversee," the trade association said in a letter to the House Financial Services Committee.