FINRA Fines Apex Clearing $3.2 Million for Violations Relating to Fully Paid Securities Lending Program
FINRA has fined Apex Clearing Corporation $3.2 million for violations related to its fully paid securities lending program.
Financial Planning1d
Clearing firm to pay $3.2M for not paying client fees on borrowed securities
Apex Clearing, a subsidiary of Apex Fintech Solutions, stood accused of misleading investors into believing they would ...
WealthManagement.com2d
FINRA Fines Apex Clearing $3.2M for Securities Lending Violations
This is FINRA’s first enforcement action for violations of Rule 4330, which established requirements for the borrowing of ...
financefeeds1d
FINRA fines Apex Clearing $3.2 in first enforcement action under FINRA Rule 4330
FINRA has fined Apex Clearing Corporation $3.2 million for violations related to its fully paid securities lending program. This marks the first enforcement action under FINRA Rule 4330, which governs ...
Compliance Week15h
Apex Clearing Corp. to pay $3.2M over improper disclosures, distorted investor compensation
A clearing firm agreed to pay $3.2 million and certify that it put in place compliance measures under an agreement with the ...
Investment Executive2d
FINRA sanctions custody firm
The U.S. Financial Industry Regulatory Authority (FINRA) is sanctioning the clearing firm behind an earlier enforcement ...