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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-02-07T21:06:00
The Financial Industry Regulatory Authority (FINRA) fined Goldman Sachs $512,500 for allegedly failing to properly surveil certain types of securities for potential manipulative trading activity for more than a decade.
In its decision notice published Tuesday, FINRA said the firm did not include warrants, rights, units, and certain over-the-counter (OTC) equity securities in nine automated surveillance reports from February 2009 to April 2023. Securities were excluded from the reports for two to 12-plus years, the self-regulatory organization said. Among the surveillance reports that excluded these securities were reports on wash trading and marking the open and close of trades, per the notice.
About 5,000 alerts were affected by the oversight, FINRA said. The omissions were discovered during cross-market surveillance conducted by the organization.
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2024-03-27T21:55:00Z By Jeff Dale
Two subsidiaries of Stifel Financial Corp. agreed to pay a collective total of about $2.3 million over alleged violations of Financial Industry Regulatory Authority rules regarding nontraditional exchange-traded products.
2024-03-19T18:48:00Z By Jeff Dale
The Financial Industry Regulatory Authority fined Chicago-based financial technology company M1 Finance $850,000 as part of a settlement addressing alleged improper use of a social media influencer program.
2024-02-20T20:29:00Z By Jeff Dale
JPMorgan Chase disclosed in a regulatory filing it expects to be penalized approximately $350 million by two unnamed U.S. regulators over lapses in its trading surveillance activities.
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Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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