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FINRA files complaint against firm for AML, ecomms recordkeeping and more

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Julie DiMauro

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FINRA’s complaint outlines a detailed list of alleged violations, ranging from AML failures to electronic communications archiving shortcomings.

In a complaint submitted to FINRA’s Office of Hearing Officers, the agency accused three investment banking firms of violating anti-money-laundering (AML) rules and clear agency expectations in this arena.

FINRA also notes that the firms violated SEC and FINRA rules pertaining to supervision and recordkeeping, namely in failing to supervise

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