Firm sanctioned for failing to detect uniformity in information recorded by terminated advisor.
Summary includes current issues and compliance challenges regulated dealers should focus on.
Mutual fund regulator’s case is ongoing.
Limited experience and early admission taken into consideration by hearing panel.
Mutual fund sales representative named the sole beneficiary of a vulnerable client’s estate.
Company allowed the sale of exempt products without conducting adequate due diligence.
Selected in December, panelists tasked with job of conveying investor concerns to regulator.