NSI must cease sales and advisory activity for retail or institutional customers by the end of the year
MFDA panel finds rep recommended leverage strategies that were unsuitable for clients
Fine settles CFTC charges that firm failed to supervise its employees
Regulator says it doesn’t have the authority grant declarations, compensation or costs sought by three men
Dealer fined $75,000 for failing to supervise trading
Off-site supervisors mistakenly believed trading platform would ensure all options trades were appropriate for client accounts
Former DWM Securities manager failed to ensure that rep’s recommendations were suitable for clients
Poor knowledge of the product and its risks lead to $30,000 fine
Penalty hearing to be scheduled
Fund dealer improves internal compliance systems