WASHINGTON--(BUSINESS WIRE)--FINRA has fined Apex Clearing Corporation $3.2 million for violations related to its fully paid securities lending program. This is the first time FINRA has charged a firm ...
Apex Clearing Corp. will pay $3.2 million in fines to the Financial Industry Regulatory Authority for violations related to its securities lending program. This is FINRA’s first enforcement action for ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
The clearing arm of Apex Fintech Solutions has agreed to pay more than $3 million to resolve FINRA allegations that it failed to ensure customers received fees it generated by lending out their ...
In a stock market that has become a bit of a wild ride, a little bit of income can go a long way. Securities-lending programs, once the purview of institutional investors, can provide some extra cash ...
Securities lending enables earning from stocks by renting them out, not selling. It underpins short-selling, providing essential market liquidity and enabling profit via price drops. Brokerages ...
Based on what I read on Seeking Alpha, income generation is a frequent topic, especially among retired investors like myself. Since authorizing this practice for some of my investment accounts, I’ve ...
Watson Wyatt has recommended clients suspend their securities lending if they are in doubt about their lending guidelines and arrangements with their lending agent. The firm told its clients that the ...
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