TOP NEWS
POLICY & REGULATION
ENFORCEMENT
FINRA Fines Broker $3.2M Over Securities Lending Biz
By Emilie Ruscoe
Broker-dealer Apex Clearing Corp. has agreed to pay the Financial Industry Regulatory Authority $3.2 million to end first-of-its-kind claims that the firm failed to abide by customer protection rules with its fully paid securities lending program, including by misrepresenting how it would compensate participants, leaving certain customers vulnerable to potential tax consequences.
Letter attached |
Read full article »
| Save to favorites »
LITIGATION
EXPERT ANALYSIS
LEGAL INDUSTRY
|