- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-01-06T18:26:00
UBS Securities, the investment bank division of Swiss banking giant UBS, agreed to pay $3.75 million to settle allegations brought by the Financial Industry Regulatory Authority (FINRA) that its failure to adequately supervise compliance staff led to millions of violations of options trading reporting requirements.
UBS Securities was obligated under FINRA rules to reasonably investigate possible rule violations and address them, the self-regulatory organization said in a consent order Thursday.
UBS’s failure to adequately investigate red flags led to 7.1 million violations of FINRA options reporting rules between January 2010 and September 2021, according to the order. The alleged lapses included large options position report (LOPR) alerts not being investigated or addressed.
2023-04-05T17:36:00Z By Kyle Brasseur
Goldman Sachs was fined $3 million by the Financial Industry Regulatory Authority for mismarking nearly 60 million short sell orders as long and related supervision failures.
2022-10-03T16:45:00Z By Aaron Nicodemus
The Financial Industry Regulatory Authority increased penalties for member violations of securities rules, including removing upper limits on fines for certain instances of misconduct.
2022-07-01T16:36:00Z By Jeff Dale
Barclays Capital agreed to pay $2.8 million as part of a settlement with the Financial Industry Regulatory Authority for “failure to comply with customer confirmation and related supervision rules” that led to disclosure lapses.
2025-07-02T18:31:00Z By Aaron Nicodemus
Emerging enforcement priorities of the U.S. Department of Justice’s health care fraud division align with the Trump administration’s emphasis on prosecuting transnational criminal organizations and ending opioid trafficking.
2025-07-01T23:26:00Z By Oscar Gonzalez
Since President Donald Trump took office, the U.S. Federal Trade Commission has yet to keep up the level of enforcement it had under previous chair Lina Khan. The agency, however, returned to antitrust action in the case of fuel stations, just in time for the July 4th holiday.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
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