FINRA Takes Enforcement Actions Against Two Broker-Dealers

Articles & Papers

Apr. 19, 2010 - Governments Get Serious about Enforcement
Apr. 14, 2010 - The U.K. Bribery Act 2010: What Does it Mean for Multinationals?
Apr. 05, 2010 - Finding the Worm in the Apple
Mar. 31, 2010 - The 5 Most Important Considerations in Evaluating Third Party FCPA Risks
Mar. 10, 2010 - Anti-corruption - FCPA enforcement in 2010 and beyond
Feb. 10, 2010 - Identifying PEPs and Foreign Corruption
Feb. 05, 2010 - FINRA Takes Enforcement Actions Against Two Broker-Dealers
Dec. 25, 2009 - Business and the Way of Democracy
Dec. 16, 2009 - Government's Industry Focus Puts Pharma Executives at Risk
Dec. 16, 2009 - Facilitation Payments: A business integrity officer’s perspective
Nov. 12, 2009 - Ethics and the Board: Integrating Integrity into Business Strategy
Nov. 06, 2009 - FINRA Takes Enforcement Action Against On-Line Broker-Dealer
Nov. 02, 2009 - What CEOs and CECOs Can Do Today
Oct. 19, 2009 - Corruption and bribery: A business integrity officer’s perspective
Oct. 02, 2009 - How Victims of Fraud are Compensated
Oct. 02, 2009 - Areas of Risk: Internal Investigations and More
Oct. 01, 2009 - Separating gold from garbage in BSA/AML digging
Sep. 24, 2009 - 2009 Recovery Act
Sep. 08, 2009 - Building an Enterprise Risk Management for a Small to Midsize Company: Essential First Steps
Sep. 01, 2009 - Regulatory Activity Evidences Continuing Trend to Prosecute Individuals for Violating the U.S. FCPA
Aug. 31, 2009 - 5 Questions with Scott Moritz of Daylight Forensic & Advisory
Aug. 31, 2009 - Managing Risk: An ancient problem. Ask Penelope
Jul. 21, 2009 - FinCEN Announces Possible AML Regulations
Jul. 16, 2009 - FTC Red Flags Rule Soon to Take Effect
Jun. 26, 2009 - FinCEN Takes Steps to Modify Mutual Fund BSA Requirements
Jun. 25, 2009 - FINRA Takes Enforcement Actions Against Three Broker-Dealers
Jun. 10, 2009 - New York State Attorney General’s Pay to Play Investigation – Regulatory Compliance Update
Jun. 02, 2009 - IIB AML Seminar Presentation: Developments Relating to OFAC Compliance
Jun. 01, 2009 - Daylight Appoints Leslie A. Platt as Managing Director
Jun. 01, 2009 - The Return of the Uptick Rule
May. 20, 2009 - Can Baseball Be Saved? Only Through Zero Tolerance
May. 13, 2009 - Foreign Corrupt Practices Act Due Diligence in Mergers and Acquisition
May. 01, 2009 - Digital Discovery & E-Evidence
Mar. 28, 2009 - Governor Must Work to Change Ethical Culture in Illinois
Mar. 03, 2009 - Internal Fraud Investigations - Critical Resources
Feb. 18, 2009 - Governance, Risk, Ethics and Compliance: Time for a Seat at the Executive Table
Jan. 13, 2009 - Comment to Risk-Based Compliance Post
Jan. 12, 2009 - Using Technology To Develop a Risk-Based Approach to FCPA Compliance
Jan. 05, 2009 - Regulatory Compliance Update

FINRA Takes Enforcement Actions Against Two Broker-Dealers for AML Program Failures
By Ellen Zimiles, CEO and Carmina Hughes, Executive Director
Daylight Forensic's Regulatory Compliance Update, February 5, 2010

On February 2, 2010, FINRA announced enforcement actions against two registered broker-dealers, Penson Financial Services, Inc. and Pinnacle Capital Markets, LLC, based on, among other things, various deficiencies in their anti-money laundering compliance programs (AML programs). The firms settled the matters by consenting to FINRA’s findings as well as fines and disciplinary actions. Read More.