Financial regulation · Customer complaints Customers wrote about frozen funds, missing account information, security incidents and ordinary service failures. FINRA found that Merrill Lynch’s survey-review system frequently failed to recognize those messages as reportable complaints. FINRA AWC No. 2024081776401 Accepted…
Regulatory Enforcement · Broker-Dealer Compliance Shared addresses, identical trade requests, investments far larger than customers’ stated resources and hundreds of unpreserved business messages: a FINRA settlement describes compliance controls that repeatedly failed to connect the dots. June 10, 2026 New…
TL;DR World Investments, LLC operated 133 branches with 337 registered representatives and failed basic supervision requirements for 19 months. Between April 2022 and November 2023, the firm recommended over 150 deferred variable annuity exchanges without collecting or reviewing information required…
TL;DR Dinosaur Financial Group guaranteed a $4.3 million commercial real estate lease for its parent company in April 2022 and never told FINRA. The firm operated below its minimum required net capital for 19 out of 20 months between April…
Liquidnet Rule 605 Violations 2018-2024 TL;DR Liquidnet, Inc., a Wall Street trading firm, published 74 fraudulent monthly reports from February 2018 through March 2024, covering 67 million orders. The firm misclassified orders requiring special handling as standard covered orders, corrupting…
FINRA AWC No. 2022073287901 • Municipal Securities Fraud Seven Years of Broken Rules: How Wells Fargo Left $14.4 Million in Municipal Trades Hanging EvilCorporations.com • FINRA AWC No. 2022073287901 • 9 min read TL;DR From November 2016 through November 2023,…
FINRA Enforcement • AWC No. 2020066700205 Less Than 8 Cents Per Violation EvilCorporations.com • FINRA AWC No. 2020066700205 | Virtu Americas LLC | CRD No. 149823 • 7 min read TL;DR Virtu Americas LLC, a Wall Street market-maker and trade-execution…
FINRA AWC No. 2023077093401 • Regulatory Misconduct Stirlingshire Broke Its Own Rules to Sell Banned Products to Everyday People EvilCorporations.com • FINRA AWC No. 2023077093401 • 9 min read TL;DR Stirlingshire Investments, a New York brokerage firm with just 26…
FINRA Enforcement • Financial Fraud • AWC No. 2024080523501 A $50,000 Fine for a $25 Million Lie EvilCorporations.com • AWC No. 2024080523501 • 9 min read TL;DR ABN AMRO Capital Markets (USA) LLC, a Wall Street broker-dealer owned by a…
EvilCorporations.com | Financial Misconduct 216,000 Lies and a $275,000 Wrist Tap Published June 2025 | Source: FINRA AWC No. 2023077775501 | Respondent: SG Americas Securities, LLC TL;DR SG Americas Securities filed 216,250 inaccurate trade reports with the financial regulator FINRA…