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Search Results: failure to supervise
Results 70-80 of about 128
Date: May 23, 2013
In what is being called the SRO’s largest fine to date over e-mail violations, the Financial Industry Regulatory Authority announced that it is fining LPL Financial LLC $7.5 million over 35 key e-mail system failures. ... The brokerage firm allegedly ...
Date: May 21, 2013
The Financial Industry Regulatory Authority says that LPL Financial LLC must pay a $7.5 million fine for inadequately supervising more than 28 million business emails between 2007 and 2013. ... It contends that the firm did not succeed in fulfilling ...
Date: December 16, 2012
Securities and Exchange Commission has filed civil charges against Morgan Keegan founder Allen Morgan Jr. and several other former mutual fund board members for allegedly failing to supervise the managers accused of inaccurately pricing toxic mortgage-backed assets prior to the ...
Date: October 26, 2012
The CFTC is ordering Morgan Stanley Smith Barney LLC (MS) to pay a civil monetary penalty of $200,000 for alleged supervisory failures related to customer account handling by employees, which is a violation of CFTC regulation 166.3. ... CFTC Orders ...
Date: October 11, 2012
FINRA is fining Guggenheim Securities, LLC $800,000 for allegedly not supervising two collateralized debt obligation traders accused of hiding a trading loss.
Date: July 25, 2012
Accusing The SEC of negligent supervision and failure to act, a number of Stanford investors have filed a putative class action seeking damages from the Commission. ... They contend that the losses they sustained in Stanford’s $7 billion Ponzi scam ...
Date: June 22, 2012
The two brokers are alleging fraudulent misrepresentations, breach of written and oral contract, promissory fraud, negligent misrepresentation, fraudulent omission and/or concealment, intentional interference with existing and prospective economic advantage, negligent omission and/or concealment, California Labor Code violations, breach of implied ...
Date: May 28, 2012
The SRO is also accusing the financial firm of supervisory failures and inadequate maintenance of records and books. ... Citigroup also allegedly failed to supervise the pricing of MBS because of a lack of procedures to verify pricing and did ...
Date: March 26, 2012
We represent both institutional and individual investors that have sustained losses because of inadequate supervision, misrepresentations and omissions, overconcentration, unsuitability, failure to execute trades, churning, breach of contract, breach of promise, negligence, breach of fiduciary duty, margin account abuse, unauthorized ...
Date: January 21, 2012
In their securities fraud case, Claimants accused Citigroup of failure to supervise, fraud, and unsuitability. ... Secrets of a Sales Machine, NY Times, January 14, 2012 Citigroup Slammed With $54 Million Award by FINRA Arbitrators in MAT/ASTA Case , Forbes, ...
