The Compliance Digest

Get expert compliance tips and up-to-date regulatory news.

[Slideshow] FINRA Releases First Ever Exam Findings

Last Wednesday, FINRA released its first ever examination findings report, which summarizes common risks unveiled during broker-dealer audits. Read More

CCO Fined for Incorrectly Labeling OBA

A CCO from Farmington Hills, Michigan was fined $10,000 and suspended from association with any FINRA member in any principal capacity for one month due to the entry of findings that he approved a firm representative’s participation in a private offering as an outside business activity, rather than as a private securities transaction, which was contrary not only to NASD and FINRA rules, but also to the firm’s WSPs.

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