May 12, 2016 BY LeapRate Staff
FINRA fines broker Stephens Inc. $900,000 over flash emails
U.S. Securities industry regulator FINRA (Financial Industry Regulatory Authority) has announced today that it has censured Stephens Inc. of Little Rock, Arkansas, and fined the firm $900,000 for inadequately supervising firm-wide internal "flash" emails sent by its research analysts. In settling this matter, Stephens neither admitted nor denied the charges, but consented to entry of…
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