regulatory

• FINRA Smacks 18 Firms, Workers Tied to Private Placements

  By Janet Levaux, AdvisorOne  |  November 29, 2011

  FINRA said Tuesday that it sanctioned eight firms and 10 individuals and ordered restitution of more than $3.2 million for sales of private placements, including some issued by Provident Royalties and Medical Capital Holdings.

• 

  UBS Pays $8M Fine to Settle SEC’s Short-Sale Case

  By Janet Levaux, AdvisorOne  |  November 11, 2011

  The SEC charged UBS Securities Thursday with faulty record-keeping practices related to short sales, and UBS agreed to pay an $8 million penalty to settle the enforcement action.

• FINRA Fines UBS $12 Million Over Short Sales

  By Janet Levaux, AdvisorOne  |  October 25, 2011

  FINRA demands that UBS Securities pay $12 Million for Regulation SHO violations and supervisory failures.

• 

  FINRA Fines Merrill $1 Million Over Ponzi Scheme

  By Janet Levaux, AdvisorOne  |  October 4, 2011

  FINRA said Merrill Lynch failed to supervise a San Antonio advisor, who used a Merrill account to operate a Ponzi scheme.

• 

  JPMorgan’s Dimon Blasts Banking Rules, Krugman Blasts Dimon

  By Gil Weinreich, AdvisorOne  |  September 12, 2011

  JPMorgan Chase CEO Jamie Dimon called Basel III capital rules “blatantly anti-American” and suggested the U.S. should consider withdrawing from the group. Times Columnist Paul Krugman then took a shot at Dimon.