Books & Records

First Reg S-P Fines Highlight How Seriously The SEC Is Taking The Confidentiality Of Client Data

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In a landmark settlement against a defunct Florida firm, the SEC has effectively served notice to the industry that the rules surrounding client data are strict and will be enforced under all circumstances.

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FINRA Shuts Down California Broker Linked To Online Penny Stock Manipulation Scheme

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Suspicious movements in several normally illiquid stocks raised red flags at FINRA as early as 2005, eventually getting the brokerage firm at the center of the trades shut down over a dismal $300,000 in commissions.

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$100,000 LPL Fine Underlines Importance Of Archiving Emails

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FINRA fined LPL $100,000 after "a technology problem" kept roughly 3 million outbound email messages from going through compliance before going out.

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