The Financial Industry Regulatory Authority reports that it has barred former Morgan Stanley Smith Barney registered representative John Batista Bocchino for “concealing approximately $190 million in Venezuelan bond trades from the firm, which had restricted such trading due to the regulatory, anti-money laundering and reputational risks it posed.” Instead, FINRA says, Bocchino, at the time… Read More >>
Citadel, Morgan Stanley & JPMorgan Settle with Pre-Trump Regulators
Shortly before the Trump administration came to power on January 20, the SEC and CFTC settled with some major industry players such as Citadel Securities, Morgan Stanley Smith Barney, and J.P. Morgan Securities (JPMS). The violations ranged from charges of misleading statements about trade orders to billing and supervisory failures. Some of the penalties paid… Read More >>
