FINRA disciplinary action update 2024/6
Disciplinary decisions issued February 10 – 16, 2024.
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TradeStation Securities censured and fined for alleged AML program failings connected to suspicious trade reporting
Between 2016 and 2019 a legacy trade surveillance system was in place, which generated approximately 100 alerts per day. The alerts included false positives and were reviewed by two to three compliance analysts who also
Compliance, Enforcement, FINRA, FINRA Reg Notice 09-05, FINRA Reg Notice 15-27, FINRA Rule 2010, FINRA Rule 3110, FINRA Rule 3280, FINRA Rule 4511, FINRA Rule 8210, Industry, MSRB Reg Notice 2016-21, MSRB Rule G-12, MSRB Rule G-27, SA 1933 Rule 17, SA 1933 Rule 5, SEA 1934 Rule 15, SEA 1934 Rule 15c3-3, SEC Reg S-ID, SEC Reg S-P, US Content