Articles Posted in Lek Securities

Lek Securities Accused of Enabling Manipulative Trading The Financial Industry Regulatory Authority (FINRA) and most major US securities exchanges have permanently barred broker Samuel Lek, who is also the former CEO of Lek Securities. Meanwhile, the broker-dealer was fined $900K. The bars by the self-regulatory organization (FSRO), the New York…

Morgan Stanley Ordered to Pay $70M for Tax-Reporting Errors In its yearly regulatory filing, Morgan Stanley (MS) announced that it took a $70M charge because of tax-reporting mistakes made by its brokerage business from ’11 to ’16. The firm is talking to the Internal Revenue Service to settle any client…