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FINRA fines Southwest, expels Cutler Securities for naked short selling

FINRA Fines Southwest Securities, Inc. $650,000 For Compliance Failures That Permitted Correspondent Firm Cutler Securities To Cause A $6.3 Million Single-Day Loss Through Improper Short Sales – FINRA Also Expels Cutler Securities And Bars President

Zillow survey: 5% home value growth expected in 2013 According to Zillow, these homes – or really, mansions – have the most page. not exactly all of us), these real estate listings might be worth a showing.. See the listing on Zillow . 5 Hip Hop Headquarters. image. Zillow. It sold for a cool $1.05 million in 2014. 7 Gracious Atlanta Abode. image. Zillow.Nationstar scoops huge Fannie, Freddie mortgage servicing portfolio Nationstar Mortgage Holdings, Inc. had earnings per share of $0.74. The servicing pipeline was flat at $300 billion but the servicing portfolio decreased during. an economy out of recession.).

If FINRA has issued a "settlement" letter to a perpetrator, the issue is "settled" so far as the SEC is concerned, and such was the case when FINRA recently issued a "settlement" letter asking the big investment bank UBS to pay a small fine for violating the rules against naked short selling that the SEC isn’t enforcing.

FINRA has announced a $72,500 fine that Los Angeles-based brokerage firm Wedbush Securities Inc. has agreed to pay as a result of findings that Wedbush engaged in dozens of disclosure violations with customers and had numerous supervisory failures.

O n December 6, 2017, Houston-based, NEXT FINANCIAL GROUP, INC. CRD#: 46214, SEC#: 51356 agreed to pay a $750,000 fine to FINRA and were required to retain an independent consultant to conduct a comprehensive review of the adequacy of the firm’s policies, systems and procedures (written and otherwise) and training, as part of settlement for a variety of alleged violations, which included the.

HousingWire’s most viewed stories of 2013 This round up doesn’t boast the happiest of stories, but we will post a top ten good local news stories round-up before the year is through. The story of seven-year-old Brendon Mackey’s tragic holiday.

WASHINGTON – It was announced on FINRA’s website that The Financial Industry Regulatory Authority (FINRA) has fined Southwest Securities, Inc., of Dallas, $650,000 for deficiencies in due diligence, risk assessment and written supervisory procedures that permitted one of its correspondent firms, Cutler Securities, to create risk for Southwest through improper short sales.

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined MetLife Securities, Inc., and three of its affiliates a total of $1.2 million for failing to establish an.

* FINRA says Southwest Securities had weak supervision.. finra fines brokerage SWS a second time this month.. Cutler had a history of failing to comply with short-selling regulations, FINRA.

On February 9th, 2017, the Financial Industry Regulatory Authority (FINRA) Office of Hearing Officers expelled red river securities, LLC from the industry and permanently barred its CEO Brian Keith Hardwick from association with any finra member firm.. additionally, the finra panel ordered the Plano, Texas-based company to pay $24.6 million in restitution to affected customers.

Initial jobless claims rise by 12K to 293K However, continuing claims remain elevated, down just -12k to 3715k, which is consistent for a six figure nfp print. initial estimates h ave a figure south of -250k. Analysts are also forecasting a +0.