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SEC Hits First Horizon With $325,000 Reg BI Fine
News September 18, 2024 at 10:29 AM
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What You Need To Know
- The charges relate to First Horizon's recommendations of a type of derivative security called a structured note.
- The Reg BI violations stemmed from activities after First Horizon merged with IberiaBank.
- It's not enough to have written policies; firms must enforce them, SEC's enforcement director says.
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