Apex Clearing to Pay $3.2M Over Securities Lending Program

News February 04, 2025 at 10:51 AM
Share & Print

What You Need To Know

  • This is the first time FINRA has charged a firm with violating FINRA Rule 4330, the customer protection rule.
  • Customers who lent securities were not paid their share of the borrowing fee, according to the regulator.
  • Documents from Apex that misrepresented the program's compensation were sent to more than 5 million investors, FINRA says.
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Related Stories

Resource Center