A guide to the companies, individuals and organizations who are bringing new innovations to market that make a real difference to the daily activities of financial advisors.
According to the settlement letter, the brokerage regulator argued Raymond James didn’t properly check that personnel were filling out forms to ensure that written customer complaints were submitted to FINRA quarterly.
Fines levied by the Financial Industry Regulatory Authority have dwindled to half their recent levels.
The firm relied on “third-party automated surveillances” to check for potentially manipulative wash and prearranged trading which had overly narrow parameters, according to FINRA.
