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FINRA announced the settlement this week, in which RBC agreed to a censure while neither admitting nor denying FINRA’s findings that it violated Municipal Securities Rulemaking Board Rule G-27 on supervision. RBC was not fined.
December 17 -
The broker did not disclose conflicts of interest and altered documents, FINRA found.
November 24 -
Dealerweb is a wholesale unit of Tradeweb Markets, a large fixed-income electronic trading platform company. FINRA found that Dealerweb failed to correctly report 147,000 trades.
November 20 -
Missing minimum denomination and interest rate information for VRDOs affected about 57 CUSIPs, FINRA found.
October 9 -
Regulators found Stifel effected 56 pairs of pre-arranged transactions and the firm did not have a supervisory system reasonably designed to catch that activity.
September 3 -
The pandemic presents new challenges to regulators examining municipal advisor firms.
August 14 -
Hilltop was fined a total of $475,000, with $100,000 pertaining to violations of municipal securities rules.
July 29 -
BNY Mellon Capital Markets failed to submit accurate minimum denomination and maximum interest rate information 54,270 times, FINRA found.
June 29 -
BB&T failed to submit accurate minimum denomination and maximum interest rates to the MSRB’s Short-Term Obligation Rate Transparency (SHORT) System in 3,710 instances, FINRA found.
May 8 -
Charles Doraine settled with the Financial Industry Regulatory Authority on Monday without admitting or denying FINRA’s findings.
April 28