Fines and Penalties

Fines and Penalties

Misbehaving U.S. banks have now paid $200bn+ in fines

U.S. banks have crossed a significant post-financial crisis milestone, tallying more $200 billion in fines paid out regarding questionable behavior. Regulators have been out for blood against banks for conduct both before the crisis and since. Public outrage has focused on Wall Street institutions ...Read More

Firm run by former ‘Real Housewives’ family has been fined for alleged naked short selling

FINRA levied an $800,000 fine against California-based StockCross Financial Services for engaging in naked short selling. The firm is run by the family of former “Real Housewives of Beverly Hills” star Carlton Gebbia. “FINRA claims StockCross […] violated regulations requiring them deliver shares of a security they had sold short, and ...Read More
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