By Steve Kardell | Published February 1, 2018 | Posted in Employee Rights | Tagged Tags: Financial Industry Regulatory Authority, securities regulator, Unit Investment Trust |
According to a recent announcement, the Financial Industry Regulatory Authority (FINRA) has penalized Morgan Stanley Smith Barney LLC approximately $13 million for failure to supervise its salespeople’s short-term trades of unit investment trusts. This $13 million includes a fine of $3.75 million and about $9.78 million in restitution to the more than 3,000 customers affected Read More
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