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FINRA Expels Firm on Multiple ‘Reg BI’ Charges

July 12, 2023 by Eugene Grygo

FINRA Expels Firm on Multiple ‘Reg BI’ Charges

Broker-dealer Monmouth Capital Management has been expelled by the self-regulatory organization FINRA, which cites a long list of alleged violations led by excessive trading of client accounts that was not rectified despite many red flags pointing to problems. “Monmouth has been a FINRA member since July 2018. The firm has one branch office located in… Read More >>

Filed Under: Securities Operations, Buy-Side, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, Diversity, Equity, and Inclusion (DEI), FinTech Trends, Back-Office, Standards, Performance Measurement, KYC, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: churning, excessive trading, FINRA, operational risk, Reg BI, regulation, Regulation Best Interest, regulatory reporting

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