FINRA Fines Aegis $950,000, Suspends Top Execs
The charges are linked to unregistered penny stocks, sold by groups based in Turks & Caicos.
FINRA Bars Rep, BD for Misleading Private Placement Investors
Tony Thompson, who sold tenant-in-common deals from 2008-'12, was found to have misled investors on the financial condition of some investments.
FINRA Penalizes Merrill $2.4M Over Pricing of GM Notes
The fine and restitution are tied to markdowns of more than 10% paid to several hundred clients over two years.
FINRA Fines Morgan Stanley $5M Over IPO Share Sales
FINRA said Morgan Stanley had “supervisory failures” in initial public offerings for Facebook, Yelp and 81 others.
SEC Charges 10 Brokers in $125M Scam
Regulators say the scheme affected some 750 investors who lost $80 million; two individuals involved have received jail sentences.
FINRA Smacks 18 Firms, Workers Tied to Private Placements
FINRA said Tuesday that it sanctioned eight firms and 10 individuals and ordered restitution of more than $3.2 million for sales of private placements, including some issued by Provident Royalties and Medical Capital Holdings.
UBS Pays $8M Fine to Settle SEC’s Short-Sale Case
The SEC charged UBS Securities Thursday with faulty record-keeping practices related to short sales, and UBS agreed to pay an $8 million penalty to settle the enforcement action.
FINRA Fines UBS $12 Million Over Short Sales
FINRA demands that UBS Securities pay $12 Million for Regulation SHO violations and supervisory failures.
FINRA Fines Merrill $1 Million Over Ponzi Scheme
FINRA said Merrill Lynch failed to supervise a San Antonio advisor, who used a Merrill account to operate a Ponzi scheme.
JPMorgan’s Dimon Blasts Banking Rules, Krugman Blasts Dimon
JPMorgan Chase CEO Jamie Dimon called Basel III capital rules “blatantly anti-American” and suggested the U.S. should consider withdrawing from the group. Times Columnist Paul Krugman then took a shot at Dimon.