2020066123602 First Trust Portfolios L.P. CRD 28519 AWC ks.pdf

Between at least 2018 and at least February 2024, First Trust provided non-cash compensation (e.g., gifts, meals, and entertainment) to representatives of retail broker-dealers that sell First Trust investment company securities (Client Firms) in amounts that significantly exceeded FINRA limits, and in certain instances provided non-cash compensation reconditioned on Client Firm representatives achieving sales targets.

A Conversation with FINRA CEO Robert Cook and Small Firm Advisory Committee Chair Preston Haxo

In early October, FINRA CEO Robert Cook joined Small Firm Advisory Committee Chair Preston Haxo for a conversation at FINRA’s Small Firm Conference. The two spoke about FINRA Forward, the vital role of the SFAC, the practical ways firms can engage with FINRA, and more. On this episode of FINRA Unscripted, we tune in to that conversation.

2020065125001 Supreme Alliance LLC CRD 45348 AWC ks.pdf

Between September 2019 and May 2022, Supreme Alliance failed to establish and maintain a supervisory system and written supervisory procedures reasonably designed to supervise recommendations of purchases and exchanges of deferred variable annuities and supervise the conduct and documentation of investigations into newly hired registered representatives for compliance with FINRA Rule 3110(e). Further, the firm failed to surveil for inappropriate rates of variable annuity exchanges.
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