Insights & Regulatory Updates

Broker-Dealer Fined $3M for Trading Supervision Failures
FINRA Enforcement Update K. Braeden Anderson FINRA Enforcement Update K. Braeden Anderson

Broker-Dealer Fined $3M for Trading Supervision Failures

In a recent settlement with FINRA, a major broker-dealer agreed to pay over $3 million in monetary sanctions due to supervisory failures related to short-term trading recommendations. These trading activities, which spanned a two-year period from January 2017 to December 2018, resulted in client losses while generating significant profits for the firm.

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