{"id":19002,"date":"2020-06-05T14:19:08","date_gmt":"2020-06-05T19:19:08","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19002"},"modified":"2020-06-05T14:19:08","modified_gmt":"2020-06-05T19:19:08","slug":"suntrust-investment-services-etf-sales","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/suntrust-investment-services-etf-sales\/","title":{"rendered":"SunTrust Investment Services to Pay $634K For Alleged Inadequate Supervision Of Unsuitable ETF Sales Practices"},"content":{"rendered":"

FINRA Accuses SunTrust Investment Services of Failing to Properly Supervise Brokers<\/span><\/h2>\n

The Financial Industry Regulatory Authority (FINRA) has ordered <\/span>SunTrust<\/span><\/a> to pay $634K to settle charges accusing the broker-dealer of not properly supervising 17 of its brokers when they recommended that customers hold non-traditional exchange-traded funds (ETFs) for long periods–a practice that can lead to losses especially when there is market volatility.\u00a0<\/span><\/p>\n

Of this settlement, $50K is a fine and $584,466 is restitution. SunTrust Investment Services, which is owned by Trust Bank, agreed to the sanctions but without denying or admitting to the self-regulatory organization\u2019s (SRO\u2019s) findings.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

FINRA Accuses SunTrust Investment Services of Failing to Properly Supervise Brokers The Financial Industry Regulatory Authority (FINRA) has ordered SunTrust to pay $634K to settle charges accusing the broker-dealer of not properly supervising 17 of its brokers when they recommended that customers hold non-traditional exchange-traded funds (ETFs) for long periods–a practice that can lead to […]<\/p>\n","protected":false},"author":2,"featured_media":19003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3967,3739,3741],"tags":[2863,4257,2891],"class_list":["post-19002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-dealers","category-failure-to-supervise","category-finra","category-securities-fraud","tag-etf-fraud","tag-failure-to-supervise","tag-suntrust-investment-services"],"yoast_head":"\nSunTrust 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