Jul 28, 2023
"Merrill Lynch Fined for Failing to File Suspicious Activity Reports"
Merrill Lynch settled with FINRA for not filing SARs in accordance with required thresholds between January 2009 and November 2019.
FINRA
Jul 18, 2023
Protect Yourself From Excessive Trading: Tips to Avoid Unnecessary Risks and Costs
MONMOUTH CAPITAL MANAGEMENT was expelled by FINRA for excessively trading 110 accounts, 42 of which were churned, and making false and misleading statements on their Form CRS, resulting in customers suffering losses estimated at $3.9 million.