The US$68 million in fines is still well below 2005’s record US$184 million
U.S. securities regulators have issued an investor alert encouraging investors to scrutinize their account statements and trade confirmations.
Fraudsters gain access to an investor’s email account and then email instructions to their brokerage firm to transfer money
FINRA sanctions firm for failing to make conflict of interest disclosures
A U.S. government report says regulators could improve their oversight of analyst conflicts of interest
The agreement is intended to bolster market oversight by helping the regulators share information
The U.S. self-regulatory organization has ordered more than US$19 million in restitution to harmed investors
An effective risk based branch office inspection program can better protect investors and the firm’s own interests
SROs to share information on firms and individuals, and collaborate on investigations and enforcement matters
Self-regulatory organization must undergo review of policies and procedures