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Rep’s Strategies Spur FINRA Charges & Fine for Firm

May 12, 2021 by Louis Chunovic

Rep’s Strategies Spur FINRA Charges & Fine for Firm

The Financial Industry Regulatory Authority (FINRA) has hit a brokerage in Cincinnati, Ohio with a censure, a fine of $275,000, and the obligation to make more than $1 million in customer restitution. The broker is the O.N. Equity Sales Company, Inc. (ONESCO), which “offers various investment products, including deferred variable annuities, to the public through its 760… Read More >>

Filed Under: Securities Operations, Buy-Side, Case Studies, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, Diversity, Equity, and Inclusion (DEI), Integration, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting Tagged With: automation, back office, Buy-side, compliance, corporate governance, FINRA, fund administration, governance, Ohio, strategy

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