Day: March 27, 2025

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FINRA Fines Brokerage Firm and Suspends Its CCO For Compliance Failures

On By Jacob Horowitz

The Financial Industry Regulatory Authority announced that it fined broker-dealer United First Partners (UFP) and suspended its chief compliance officer for allegedly failing to implement an adequate supervisory system designed to supervise the firm’s outside brokerage accounts. UFP’s primary business is providing brokerage and research services to institutional customers. As Read More

OCC Eliminates Reputation Risk Examinations for Banks

On By Jacob Horowitz

The Office of the Comptroller of the Currency announced that it will no longer examine banks for reputation risk and is removing references to reputation risk from its Comptroller’s Handbook booklets and guidance issuances. This move comes at a time in which the OCC has received complaints about the examination’s Read More