In settling this matter, the US-based brokerage and securities division of banking behemoth Citigroup (NYSE: C) neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
Read moreBoth companies failed to mitigate increased risks associated with Inverse and leveraged ETFs A press release has been issued by the Financial Industry Regulatory Authority (FINRA) regarding a decision to fine two Saint Louis based broker-dealers both owned by Stifel Financial Corporation. Stifel, Nicolaus & Co. and Incorporated and Century Securities Associates are to pay…
Read moreThe bank failed to keep some instant messages from Bloomberg Terminals, FX fix investigations related? On the second day of Christmas… FINRA settled with Barclays for systematically failing to keep proper records of emails and instant messages for 10 years. The company did not abide by securities laws that mandate companies to keep and protect…
Read more84 customers affected by the company's misleading statements on leveraged and inverse ETFs The Financial Industry Regulatory Authority (FINRA) has made an announcement today that it has mandated Atlanta-based brokerage J.P. Turner to pay back $707,559 to 84 customers who were sold leveraged and inverse exchange traded funds (ETFs) plus for excessive mutual fund switches.…
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