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FINRA found that RBC’s supervisory system did not flag recommendations that resulted in potentially unsuitable concentrations of high-yield bonds in certain customer accounts.
December 16 -
Former JP Morgan broker allegedly provided incorrect and misleading account reports to a customer.
November 11 -
Underwriter Cantone Research’s alleged fraudulent misrepresentations are tied to two defaulted bond offerings.
October 28 -
Erring on the side of caution and good documentation are key to managing conflicts of interest
October 7 -
FINRA said the firm failed to detect and resolve short positions in municipal securities
October 5 -
Alleged supervisory failures led to unsuitable trading patterns of Puerto Rico and other bonds, FINRA found.
July 15 -
The New York-based firm agreed to be censured, pay the penalty, and remedy alleged problems with its supervisory system.
June 15 -
FINRA arbitrators ordered the wealth manager and closed-end funds manager to pay damages as it resolves outstanding claims stemming from the island’s fiscal crisis.
May 21 -
The broker exercised discretion in seven customer accounts despite Morgan Stanley no longer allowing discretionary trading.
April 28 -
A case settled this week was the first brought in decades by FINRA for a rule violation on quotations.
April 15