The Financial Industry and Regulatory Authority (FINRA) announced that it has fined Cantor Fitzgerald & Co. (Cantor) $2 million for Regulation SHO (Reg SHO) violations and supervisory failures spanning a … Continue reading Cantor Fitzgerald Fined $2 Million by FINRA for Regulation SHO Violations and Supervisory Failures
The Financial Industry Regulatory Authority (FINRA) ordered 12 firms to pay restitution totaling more than $4 million and fines totaling more than $2.6 million for failing to apply available sales … Continue reading FINRA Targets Firms for Failing to Apply Sales Charge Discounts
The Securities and Exchange Commission announced enforcement actions against 22 municipal underwriting firms for violations in municipal bond offerings. The actions are the second round of filings against underwriters under … Continue reading SEC Sanctions Underwriting Firms for Fraudulent Municipal Bond Offerings
The Securities and Exchange Commission (SEC) announced that R.T. Jones Capital Equities Management, a St. Louis-based investment adviser, has agreed to settle charges that it failed to establish cybersecurity policies … Continue reading SEC Sanctions Investment Adviser $75,000 for Cyberattack
The Financial Industry Regulatory Authority (FINRA) announced that as a result of a 2014 onsite exam, it found securities violations including various misleading sales pitches, customer account churning and other … Continue reading FINRA Cracksdown on Broker Migration
The State of Texas sanctioned Citigroup Global Markets Inc. for failure to monitor the registration status of sales assistants, some of whom accepted client orders without being appropriately licensed. Texas was part of … Continue reading State Regulators Jump on Bandwagon of Sanctioning Wall Street Brokerages