Skip to Primary Navigation

Skip to main content

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

Image of a mobile phone showing apps like WhatsApp and WeChat.
Photo: S3studio/Getty Images

Julie DiMauro

6 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

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 two 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

, , , , , , , , , , , , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience