Skip to main content

Blog

Interactive Brokers Settles with SEC, Agrees to Pay $38 Million in Penalties

he Securities and Exchange Commission today announced that Interactive Brokers LLC will pay an $11.5 million penalty to settle charges it repeatedly failed to file Suspicious Activity Reports (SARs) for U.S. microcap securities trades it executed on behalf of its customers. In parallel actions, the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading […]

Read More

Aidikoff, Uhl & Bakhtiari partner Ryan Bakhtiari to speak at 2020 PLI Securities Arbitration program

Aidikoff, Uhl & Bakhtiari partner Ryan Bakhtiari has been invited to participate as a speaker at the 2020 Practicing Law Institute (PLI) conference program on Thursday, September 10, 2020. The PLI Securities Arbitration program is being held by webcast only this year. The program brings together legal professionals with securities industry regulators to discuss hot […]

Read More

SEC Fines UBS Financial Services, Inc

The Securities and Exchange Commission today announced settled charges against broker-dealer UBS Financial Services Inc. for failing to report suspicious transactions in customer accounts. UBS agreed to pay a $5 million civil penalty to resolve the SEC’s charges, and separately agreed to pay $10 million to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) […]

Read More

Exchange-Traded Products (ETPs)

On May 15, 2020, the Financial Industry Regulatory Authority (FINRA) issued a Regulatory Notice (“Oil-Linked Exchange-Traded Products”), which highlighted the fact that Exchange-Traded Products (ETPs), which provide different types of exposure to the oil market through several product structures, might not be understood by investors or investment professionals and that the performance of such products […]

Read More

FINRA’s Investor Protection Initiatives for Senior Investors

On April 30, 2020, the Financial Industry Regulatory Authority (FINRA) issued an a report (“Protecting Senior Investors 2015-2020, An Update on the FINRA Securities Helpline for Seniors, Other FINRA Initiatives and Member Firm Practices”), which highlighted the fact that seniors, who “make up an increasingly large share of the American population and hold higher levels […]

Read More