supervisory systems

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  FINRA Warns BDs on Use of Senior Designations

  By Melanie Waddell, AdvisorOne  |  November 18, 2011

  FINRA is warning BDs to ensure that their supervisory procedures regarding use of certifications and designations in advising senior investors are in order, as protecting vulnerable customers continues to be a high regulatory priority for FINRA.

• 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.

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  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.

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  FINRA Orders Raymond James to Pay $1.69 Million in Restitution

  By Melanie Waddell, AdvisorOne  |  September 29, 2011

  FINRA announced Thursday that it had ordered Raymond James & Assoc. and Raymond James Financial Services to pay restitution of $1.69 million to more than 15,500 investors who were charged unfair and unreasonable commissions on securities transactions.