In October 2022, FINRA fined UBS Securities LLC $2.5 million for alleged violations related to the firm’s failure to deliver positions that resulted in tens of thousands of short-selling violations. According to the order, between 2009 and 2018, UBS Securities … Continue reading
In September 2022, FINRA was censured and fined Wedbush Securities Inc. $900,000 for trading violations. Additionally, the firm must certify in writing within 90 days that the firm has supervisory systems and written procedures in place that are “reasonably designed … Continue reading