FINRA Fines 3 Firms Over Poor Money Laundering Prevention
Atlas One Financial Group LLC, Firstrade Securities Inc. and World Trade Financial Corp. agreed to pay fines of $350,000, $300,000 and $250,000, respectively. The firms failed to properly monitor, detect and report suspicious trades tied to possible money laundering schemes, FINRA alleged in three separate actions.
FINRA also fined and...
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