FINRA

Underwriter Cantone Research’s alleged fraudulent misrepresentations are tied to two defaulted bond offerings.

Erring on the side of caution and good documentation are key to managing conflicts of interest

FINRA said the firm failed to detect and resolve short positions in municipal securities

Alleged supervisory failures led to unsuitable trading patterns of Puerto Rico and other bonds, FINRA found.

The New York-based firm agreed to be censured, pay the penalty, and remedy alleged problems with its supervisory system.

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.

The broker exercised discretion in seven customer accounts despite Morgan Stanley no longer allowing discretionary trading.

A case settled this week was the first brought in decades by FINRA for a rule violation on quotations.

Jeffrey Fladell, who retired from RBC Capital Markets in 2017, agreed to pay that fine while neither admitting nor denying FINRA's charges.

In two municipal bond transactions, Aegis Capital Corp. sold to its customers at prices that were 40% higher than the market rate.