FINRA member Nomura fined for books and records failings
The investment banking and brokerage services firm overstated its daily net capital by misclassifying 5,657 reverse repos.
SEC Rule 17a-4(f)
Stipulates that the records required to be maintained and preserved pursuant to Rule 17a-3 and Rule 17a-4 must be immediately produced or reproduced by way of a recordkeeping system or micrographic media by a designated officer, specialist or affiliated third party.
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Broker-dealer charged with recordkeeping lapses in its underwriting
The SEC said CGMI willfully violated recordkeeping requirements concerning expenses the firm incurred in its underwriting business.
Arm & Hammer claws back comp from a top executive over deleted text messages
Marketing chief was stripped of stock awards because he deleted business related texts on his personal phone.
Latest News
More on SEA 1934 Rule 17a-4
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FINRA disciplinary action update 2025/21
Disciplinary decisions issued May 31 – June 6, 2025.
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FINRA disciplinary action update 2025/17
Disciplinary decisions issued May 3 – 9, 2025.
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FINRA addresses collateral consequences of SEC recordkeeping enforcement
Public interest and investor protection cited as reasons to more closely align ongoing membership obligations by firms settling at different times.
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FINRA disciplinary action update 2025/9
Disciplinary decisions issued March 1 – 7, 2025.
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FINRA disciplinary action update 2025/5
Disciplinary decisions issued February 1 – 7, 2025.
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FINRA disciplinary action update 2025/3
Disciplinary decisions issued January 18 – 24, 2025.
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Robinhood BDs dinged for violating more than 10 securities law provisions
Alleged violations include blue sheet filing, identity theft, and suspicious activity reporting, including a 2021 data breach that exposed customers’ data.
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FINRA disciplinary action update 2024/46
Disciplinary decisions issued November 23 – 29, 2024.
