FINRA

The firm violated MSRB Rules G-15 on confirmation, G-8 on books and records and G-27 on supervision, FINRA found.

Christopher Perillo agreed to settle charges that he improperly had access to study materials during an examination.

According to FINRA, the mispricing resulted in customer harm amounting to $44,927.83, on top of the $90,000 fine.

According to FINRA, the banking giant failed to close out 239 inter-dealer transactions in a timely manner as well as failing to take possession of 247 short positions.

The veteran-owned Academy Securities failed to file Form G-37 reports in a timely manner, and failed to disclose another 60 municipal underwritings where the firm acted in a managerial capacity.

The regulator has charged a former chief compliance officer $15,000 and a firm $100,000 in twp separate enforcement actions.

The firm settled charges with FINRA over failing to include the Non-Transaction Based Compensation indicator for 91,059 reports of municipal securities transactions over a five year period.

Without admitting or denying the findings, David Elgart of Sequoia Investments has agreed to a $20,000 fine and an 18-month suspension from association with any FINRA member firm for acting as an unregistered dealer.

Knoxville, Tennessee-based Home Financial Services failed to disclose execution time, mark ups and mark downs to customers on municipal securities transactions, FINRA said.

New York-based Odeon Capital failed to report approximately 225 municipal securities transactions to RTRS over a two and a half year period.

The Municipal Securities Rulemaking Board will meet Oct. 25-26 to hold its first meeting of FY 2024.

Volatility in fixed income prices, which has risen recently, should not be mistaken for a systemic flaw in market structure or be used as a "strawman" to fix the plumbing and functioning of these markets.

FINRA has charged Crews and Associates $50,000 and its former head trader and CEO $30,000 for selling municipal bonds with markups and for failing to maintain a supervisory system.

Comments for the proposal are in and many urge the Commission to drop the proposal it due to the overlap of existing MSRB and FINRA rules.

But the Securities and Exchange Commission's best-execution proposal, largely dismissed as duplicating an existing Financial Industry Regulatory Authority edict, could have wide-ranging implications for trading firms in options, bonds, and crypto securities as well as equities.

Thirty brokerage firms overcharged for the Santa Rosa bridge bonds after relying on data vendors who provided incorrect factors to determine the price.

FINRA fined Quint Capital Corporation $35,000 and its founder Alexander Quint $10,000 over their role in allowing a broker banned by the SEC and FINRA to work for the firm.

The Financial Industry Regulatory Authority found that BNA Wealth didn't meet the regulatory requirements when it sold shares in 529 plans.

The three firms were ordered to pay $515,000 in restitution, but were spared any additional financial penalty.

The MSRB's CEO sat down to discuss regulatory developments in 2023, the board's efforts on technology and other topics.