The Financial Industry Regulatory Authority issued fines against four large banks to end 2024, all for different alleged misconduct, but all related to the firms’ failures to implement a supervisory system reasonably designed to achieve compliance with FINRA rules.
UBS Financial Services, a subsidiary of Switzerland-based UBS Group, agreed to pay $1.1 million for sending more than 330 million trade confirmations between 2014-24 that contained inaccurate information regarding average price or failed to disclose the price shown was an average price, FINRA said in a disciplinary action Monday.
