FINRA found that Morgan Stanley failed to implement reasonable supervisory systems and procedures to review and monitor transmittal of customer funds through wire transfers from multiple customer accounts to the same third-party accounts and outside entities.
Read moreThe investment firm got fined for violating the Investment Services and Activities and Regulated Markets Law of 2007.
Read moreThe financial services giant has reached a settlement with DoJ and the Fed, along with an agreement to settle a private class action in the US.
Read moreThe firm breached Cypriot investment laws by appointing a tied agent without registration and by not obtaining necessary information from clients regarding their level of knowledge of the services they signed up for.
Read moreThe Cypriot financial regulator fined the binary options broker for violating the Investment Services and Activities and Regulated Markets Law, with the list of transgressions again including suspicious business ties.
Read moreASIC states that ICAP Futures Australia executed trades with the intent to exclude other participants or their representatives on two separate occasions and failed to make an enquiry through the message facility and wait the prescribed period prior to executing trades
Read moreFirms are required to regularly report to FINRA their record of total "short" positions in all customer and proprietary firm accounts in all equity securities, a procedure which, according to FINRA, Morgan Stanley breached
Read moreThe CFTC's order finds that one occasion, FCStone’s employees transferred positions between two accounts that did not have the same underlying beneficial ownership
Read moreThe FCA has fined BNY Mellon's London and international operations £126 million for failings regarding rulings on customer funds
Read moreMcVean Trading & Investments, and K&M Trading, along with the Principals of both firms, failed to enact required procedures regarding allocations from bunched customer orders
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