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Articles tagged by FINRA

FINRA Hits Deutsche Over Squawk Boxes The US Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank  $12.5 million for “significant supervisory failures related to research and trading-related information it disseminated to its employees…over internal speakers commonly known as squawk boxes”. FINRA says that despite “multiple ...
FINRA Seeks Quicker Process on Disruptive Quoting The US Financial Industry Review Authority (FINRA) has filed a notice with the Securities and Exchange Commission that will enable it to clamp down on what it considers “disruptive quoting and trading activity” much quicker than is currently possible. In the filing FINRA notes that taking action against an alleged miscreant can take “several years” before it is concluded, but it points out that there are, “…certain clear cases of disruptive and manipulative behaviour or cases where the potential harm to investors is so large, that FINRA should have the authority to initiate an expedited proceeding to stop the behaviour from continuing”.