Browsing Tag
FINRA
2 posts
FINRA Slams $475K Fine on UBS Securities—Second in 4 Months
The Financial Industry Regulatory Authority (FINRA) has slammed another fine on New York-based securities broker, UBS Securities (UBS-S). This time the self-regulatory organization hit the firm, which is the brokerage arm of the Swiss banking group, UBS, with a censure order and fine of $475,000 for publishing “inaccurate” monthly statistics on execution of its covered
FINRA Slaps $100k Penalty on Dealerweb for TRACE Violations
The Financial Industry Regulatory Authority (FINRA) has slammed a $100,000 fine on Dealerweb Inc., an operator of an electronic interdealer platform for mortgage-backed securities.The self-regulatory organization said Dealerweb inaccurately reported approximately 180,000 transactions in TRACE-eligible securities to its Trade Reporting and Compliance Engine (TRACE) between July 2016 and December 2020. FINRA, which supervises brokerage firms