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Search Results: failure to supervise
Results 120-130 of about 139
Date: August 4, 2009
FINRA says NEXT Financial Group Inc. has agreed to a one million dollar fine for its alleged failure to properly supervise a number of client accounts and over 100 office of supervisory jurisdiction (OSJ) branch managers. The managers are in ...
Date: July 3, 2009
FINRA is fining Wachovia Securities, LLC $1.4 million for its alleged failure to provide customers with product descriptions and prospectuses between July 2003 and December 2004, as well as for related supervisory failures.
Date: June 29, 2009
William Galvin, who is the Massachusetts Secretary of the Commonwealth, says the orders should remind the mutual fund industry that proper fund supervision is necessary. For 2007 and 2008, Ultra Short Fun was regularly regarded as a high performer among ...
Date: May 1, 2009
Related Web Resources: Southwest Securities to Pay $10 Million, and Three Present or Former Managers to Receive 12-Month Supervisory Suspensions, in Settlement of Administrative Proceedings Based on Southwest Securities and Managers’ Failure to Supervise Registered Representatives Who Committed Fraud , ...
Date: March 26, 2009
First New York Securities LLC and four of its ex-traders have reached a settlement with the Financial Industry Regulatory Authority over allegations that they improperly covered short positions involving secondary offering shares, as well as engaged in associated oversight failures.
Date: March 22, 2009
The SEC says Merrill did not have the procedures or polices to prevent employees from accessing the squawk boxes or to supervise them to make sure that they did not misuse customer order data.
Date: March 9, 2009
The Luxembourg financial service regulator is accusing Switzerland’s biggest bank of a “serious failure” in the way it managed a feeder fund that funnelled assets to Madoff-related investments. Luxembourg’s CSSF is giving UBS three months to remedy the problems.
Date: February 18, 2009
SEC charges against Merrill Lynch include anti-fraud provision violations, failure to maintain specific records, and failure to supervise its investment advisers in the Ponte Vedra South office in Florida. Also cited by the SEC for misleading pension consulting clients about ...
Date: November 17, 2008
. $300,000 for its failure to reasonably supervise the commissions that clients were charged for stock and options trades. Citigroup Global Markets is Citigroup Inc’s brokerage and securities arm.
Date: August 15, 2008
Examples of common claims involving broker misconduct: • Unsuitability • Misrepresentation • Overconcentration • Omissions • Churning • Failure to Supervise • Failure to Execute Trades • Breach of Fiduciary Conduct • Breach of Contract • Negligence • Breach of ...
