Brokerage industry self-regulatory organization Finra has fined a New Jersey-based firm and its chief compliance officer more than $750,000 for violations of Regulation Best Interest stemming from allegations of excessive trading and insufficient oversight.
It’s a familiar position for Network 1 Financial Securities, which last October became the first brokerage firm Finra punished for Reg BI violations, alleged conduct that was fundamentally similar to the cause of the most recent action.
Network…
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