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FINRA disciplinary action update #5

Montage of person walking by the FINRA sign.
Photo: Getty Images

Disciplinary decisions issued March 17 – 23, 2023.

Product and securities representative suspended and fined for allegedly falsifying representative codes for 586 trades in Morgan Stanley’s order entry system

Codes shared with a retired representative and correctly prepopulated by the firm’s systems were altered under the mistaken belief that this was done with the retired representative’s approval. A