Tag: Financial Industry Regulatory Authority

UN report says North Korea laundered $2 billion theft via Hong Kong firm
March 28, 2017 BY Valentina Kirilova

FINRA and exchanges charge Lek Securities and CEO with aiding and abetting securities fraud

The Financial Industry Regulatory Authority (FINRA), along with the New York Stock Exchange; NYSE Arca; NYSE MKT; the four Bats Exchanges, Bats BZX, Bats BYX, Bats EDGA, and Bats EDGX; Nasdaq; Nasdaq BX; and the International Securities Exchange, today announced that they have commenced disciplinary proceedings against Lek Securities Corporation and its Chief Executive Officer,…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
March 17, 2017 BY Valentina Kirilova

IRS imposters trying to scam money from Binary Options traders: FINRA

The Financial Industry Regulatory Authority (FINRA) today issued an Investor Alert warning anyone involved in binary options trading through unregistered non-U.S. companies to be on guard for a one-two punch: losses followed up by potentially fraudulent pitches to help recoup those losses. Ploys include recovery scams and IRS impersonation scams. Binary options are inherently risky…

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November 30, 2016 BY admin

FINRA sanctions Merrill Lynch $7 million for inadequate supervision of leverage in customer brokerage accounts

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay approximately $780,000 in restitution for inadequately supervising its customers’ use of leverage in their Merrill brokerage accounts. Merrill “loan management accounts” (LMAs) are lines of credit that allow the…

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