Feature Articles Archives - Page 4 of 29 - The Industry Spread

Another Regulator has hit a Wells Fargo Trading Unit

September 6, 2019

“These proceedings arise out of a fraudulent scheme carried out by Muldoon, a former Wells Fargo Clearing Services, LLC (‘Wells Fargo’) trader, to evade the retail order period restrictions in municipal bond offerings. Municipal issuers hold retail order periods to prioritize the sale of bonds to retail investors, typically providing retail investors the first chance to obtain bonds in a primary offering.

FINRA’s Four Pillars of Corporate Values

August 26, 2019

The Financial Industry Regulatory Authority (FINRA) has hammered down its own corporate values. 

Rosie Allan, FINRA’s Senior Director for Organization Development was the latest guest on FINRA’s podcast Unscripted. 

In her role, Allan noted that she is charged with developing a framework for FINRA’s values which she described with four pillars: collaboration, expertise, innovation, and responsibility. 

NFA Sanctions a Wells Fargo Division

August 12, 2019

“On August 9, 2019, the Committee issued a complaint against Wells Fargo, a provisionally registered swap dealer and NFA member with its main office located in San Francisco, California. The complaint alleges Wells Fargo violated NFA Compliance Rule 2-49 (a) by failing to communicate with a counterparty in a fair and balanced manner as required under Commodities Futures Trading Commission Regulation 23.433,” the decision stated. 

FINRA Spells Out Extraordinary Cooperation

August 11, 2019

FINRA Spells Out Extraordinary Cooperation. FINRA, the Financial Industry Regulatory Authority, would like its member firms to know there’s extra credit possible for cooperating in investigations. Susan Schroeder, the executive vice president and head of FINRA Enforcement, was the latest guest on FINRA’s podcast, FINRA Unscripted.