Web14 Dec 2024 · The Division Staff believes that foreign financial institutions engaged in low-priced securities trading through omnibus accounts present a high risk for illicit activities, including fraud, money laundering and unregistered securities offerings. Web11 Apr 2024 · Moreover, the SEC also pointed a host of observations related to broker-dealers that continue to trade in low-priced securities, namely, the lack of review of low-priced securities activities and follow-up, despite the existence of red flags that were reflected in 2014 SEC Risk Alert and FINRA Notice to Members 19-18.
SEC Staff Bulletin Highlights AML Risks Associated with Low-Priced …
Web14 Dec 2024 · On Nov. 12, 2024, the staff of the U.S. Securities and Exchange Commission’s (“Commission”) Division of Trading and Markets (“Division Staff”) issued a bulletin (“Bulletin”) highlighting various... WebConcerns About High-Risk Trading by Foreign Legal Entity Accounts – Inadequate identification of or follow-up on increased trading by foreign legal entity accounts in … dr ahmed akl scottsdale az
Regulatory Notice 21-03 - FINRA
In the past few years, the Commission has brought a number of enforcement actions centered on allegations of unregistered securities offerings and/or … See more This type of illicit activity is facilitated when information about the identities of the individuals who buy and/or sell low-priced securities is shielded by the … See more Broker-dealers are also reminded of their obligations: (1) to conduct a reasonable inquiry when selling securities in an unregistered transaction in reliance on … See more As highlighted above, the Staff is concerned about illicit activities involving low-priced securities transactions executed through omnibus accounts held in the … See more WebSEC enforcement actions over the last several years involving trading of low-priced securities, it should be no surprise that the Priorities Letters emphasized a focus on … Web10 Feb 2024 · The Financial Industry Regulatory Authority is warning of potential fraud related to low-priced securities offerings — including those involving COVID-19- and … dr ahmed ahmed cromwell