FINRA Fines Morgan Stanley $1.6 Million for Municipal Securities Violations and Related Failures
FINRA announced today that it has fined Morgan Stanley Smith Barney LLC $1.6 million for the firm’s repeated failures to timely close out failed inter-dealer municipal securities transactions and to take prompt steps to obtain physical possession or control of municipal security positions that are short more than 30 calendar days, and related supervisory failures.
2021073201301 Ceros Financial Services, Inc. CRD 37869 AWC lp (2024-1710548437918).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2021073201301
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: Ceros Financial Services, Inc. (Respondent)
Member Firm
CRD No. 37869
Pursuant to FINRA Rule 9216, Respondent Ceros Financial Services, Inc. submits this Letter of
Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the
alleged rule violations described below.
2023080474101 David Victor Tall CRD 1314547 AWC lp (2024-1710462030519).pdf
FINANCIAL INDUSTRY REGULATORY AUTHORITY
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT
NO. 2023080474101
TO: Department of Enforcement
Financial Industry Regulatory Authority (FINRA)
RE: David Victor Tall (Respondent)
Former Investment Company and Variable Contracts Products Representative
CRD No. 1314547
Pursuant to FINRA Rule 9216, Respondent David Victor Tall submits this Letter of Acceptance,
Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule
violations described below.