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Dec 7, 2016

Morgan Stanley Fined For Failing To Deliver Fund Prospectuses Online

By |December 7th, 2016|Failure to Deliver, FINRA, FINRA News, Press Releases & News|

FINRA fined Morgan Stanley Smith Barney $1.5 million for technical failures, including a faulty website link that obstructed client's from viewing fund prospectuses. For a number of years before 2013, Morgan Stanley made mandated fund prospectuses available to customers online. However, as the FINRA settlement states, in November 2013, Morgan Stanley updated its [...]

Mar 21, 2016

Wedbush Fined For Trading Blunders

By |March 21st, 2016|Failure to Deliver, FINRA, FINRA News, NASDAQ, Press Releases & News, SEC|

A number of trading and clearing blunders by Wedbush Securities Inc. pertaining to a customer's redemption activity and trading of leveraged ETFs has led FINRA and the NASDAQ Stock Market to fine the firm $675,000. Wedbush acted as the clearing firm for its broker-dealer customer, Scout Trading, and as an authorized participant of varying [...]

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