The Financial Industry Regulatory Authority said UBS Securities has agreed to settle allegations involving inaccurate trade reporting, reports Financial Advisor. FINRA said UBS did not adequately respond to three separate technology issues that resulted in...
15 broker-dealers fined by FINRA in 2022 over GPB Capital sales
15 broker-dealers were the subject of enforcement actions in 2022 over their sales of GPB Capital Holdings private placements, according to a report by InvestmentNews. The firms were penalized by the Financial Industry Regulatory Authority a total amount of $3.7...
Broker suspended by FINRA after failing to disclose felony charges on timely basis
A broker was suspended by the Financial Industry Regulatory Authority over allegations of failing to disclose felony charges against him on a timely basis, ThinkAdvisor reports. John Matthew Underation consented to the penalty in signing FINRA’s letter of acceptance,...
FINRA proposes extending remote inspection of offices into 2023
The Financial Industry Regulatory Authority has proposed extending remote inspections of branch offices through the end of 2023, reports InvestmentNews. Under FINRA Rule 3110, member firms are required to maintain a system of supervising the activities of their...
FINRA fines Raymond James broker-dealers $1.1 million for compliance failures
Two broker-dealers affiliated with Raymond James Financial Inc. have been fined for alleged rule violations, according to InvestmentNews. The Financial Industry Regulatory Authority announced the fines, totaling $1.1 million, in a letter of Acceptance, Waiver and...
