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.

A consildated effort is needed for better transparency of pricing in the municipal market, especially for retail investors.

The charges against Ricky Mantei stem from allegations of prearranged trading in violation of his firm's established procedures.

Dealer groups say changes to FINRA rules should be cohesive with municipal rules.

Dealers say increased focus on systemic pennying has decreased its activity, while others aren't so sure.

Robbi Jones, principal at Kipling Jones & Co., received that ruling on appeal from FINRA’s National Adjudicatory Council late last month.

The program has drawn comparisons to the Securities and Exchange Commission's MCDC.

Transamerica Financial Advisors has agreed to pay $321,167 in restitution as part of a settlement of Financial Industry Regulatory Authority charges that it failed to properly supervise its brokers selling shares of 529 plans.

FINRA announced the settlement this week, in which RBC agreed to a censure while neither admitting nor denying FINRA’s findings that it violated Municipal Securities Rulemaking Board Rule G-27 on supervision. RBC was not fined.

The broker did not disclose conflicts of interest and altered documents, FINRA found.

Dealerweb is a wholesale unit of Tradeweb Markets, a large fixed-income electronic trading platform company. FINRA found that Dealerweb failed to correctly report 147,000 trades.