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FINRA censures and fines TD Private Client Wealth for failing to review 3.5m emails

TD Bank
Photo: Julie DiMauro

Firm failed to maintain an appropriate supervisory system to review employee emails.

The Financial Industry Regulatory Authority (FINRA) said TD Private Client Wealth failed to set up a system to review correspondence and internal communications for compliance purposes for almost a decade.

The settlement was signed on Monday and alleges that the broker-dealer for retail and institutional customers failed to review about