Calif. Broker-Dealer To Pay FINRA $1.5M For Excessive Trades
By Sarah Jarvis ( July 30, 2024, 6:39 PM EDT) -- Broker-dealer Western International Securities Inc. has agreed to pay more than $1.5 million to settle allegations from the Financial Industry Regulatory Authority that the firm failed to properly monitor potentially excessive trading in about 100 accounts, and it was hit with a separate cease-and-desist order from the U.S. Securities and Exchange Commission Tuesday over Regulation Best Interest violations....
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