{"id":18782,"date":"2020-03-02T07:56:38","date_gmt":"2020-03-02T13:56:38","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18782"},"modified":"2020-05-28T10:52:02","modified_gmt":"2020-05-28T15:52:02","slug":"citigroup-lpl-financial-morgan-stanley-jp-morgan-securities-and-merrill-lynch-fined-1-4m-for-failure-to-reasonably-supervise","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/citigroup-lpl-financial-morgan-stanley-jp-morgan-securities-and-merrill-lynch-fined-1-4m-for-failure-to-reasonably-supervise\/","title":{"rendered":"Citigroup, LPL Financial, Morgan Stanley, JP Morgan Securities, and Merrill Lynch Fined $1.4M for Failure to Reasonably Supervise"},"content":{"rendered":"<h2>Broker-Dealers Accused of Not Properly Supervising Custodial Accounts<\/h2>\n<p>The <a href=\"https:\/\/www.investopedia.com\/terms\/u\/utma.asp\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (FINRA) <\/a>announced that it has fined five major firms $1.4M in total for not reasonably supervising custodial accounts. The broker-dealers are:<\/p>\n<ul>\n<li>Citigroup (C), which will pay $300K.<\/li>\n<\/ul>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/citigroup-lpl-financial-morgan-stanley-jp-morgan-securities-and-merrill-lynch-fined-1-4m-for-failure-to-reasonably-supervise\/\"  title=\"Continue Reading Citigroup, LPL Financial, Morgan Stanley, JP Morgan Securities, and Merrill Lynch Fined $1.4M for Failure to Reasonably Supervise\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Broker-Dealers Accused of Not Properly Supervising Custodial Accounts The Financial Industry Regulatory Authority (FINRA) announced that it has fined five major firms $1.4M in total for not reasonably supervising custodial accounts. The broker-dealers are: Citigroup (C), which will pay $300K. Continue Reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":18786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3967,3739,3776],"tags":[3209,4257,3389,3067,3093,2283],"class_list":["post-18782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-dealers","category-failure-to-supervise","category-finra","category-finra-settlements","tag-citigroup","tag-failure-to-supervise","tag-jp-morgan-securities","tag-lpl-financial","tag-merrill-lynch","tag-morgan-stanley"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Citigroup, LPL Financial And Others Fined for Failure To Supervise | SSEK Law<\/title>\n<meta name=\"description\" content=\"FINRA announced that it has fined five major firms $1.4M for failure to supervise custodial accounts including Citigroup, Morgan Stanley and others.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/citigroup-lpl-financial-morgan-stanley-jp-morgan-securities-and-merrill-lynch-fined-1-4m-for-failure-to-reasonably-supervise\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Citigroup, LPL Financial And Others Fined for Failure To Supervise | SSEK Law\" \/>\n<meta name=\"twitter:description\" content=\"FINRA announced that it has fined five major firms $1.4M for failure to supervise custodial accounts including Citigroup, Morgan Stanley and others.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/02\/pexels-photo-618613.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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