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Small Firm Briefing: AML Resources and Guidance

Small firms represent a critical portion of FINRA’s membership and often face regulatory challenges that are unique from their large firm counterparts. In an effort to provide additional compliance education, FINRA offers the Small Firm Briefing (formerly known as the Small Firm Conference Call), a free webinar series hosted by senior FINRA leaders who discuss trending topics, new rules and regulatory guidance and best practices.

2024083689501 Xing Su CRD 4031195 AWC ks.pdf

Between December 2022 and May 2025, Su owned half of a company (Company A) that provided consulting services to public and private companies seeking to increase investor interest in their companies. Separately, Su also individually entered into a consulting contract to provide similar consulting services. However, Su never disclosed these outside business activities to Univest. Su and Company A received compensation for their consulting work in the form of restricted shares that were deposited in brokerage accounts that Su did not disclose to Univest.

2024081737701 J.P. Morgan Securities LLC CRD 79 AWC ks.pdf

From October 2010 through September 2024, JPMS failed to establish procedures to assure that certain customers received margin account disclosures required by Rule 10b- 16(a)(2) of the Securities Exchange Act of 1934 (Exchange Act) on account statements. As a result, during the period of October 2010 through February 2024, the firm failed to provide certain information in its margin account disclosures required by Exchange Act Rule 10b-16(a)(2), including the annual rates of interest charged, on 56,254 account statements corresponding to 4,463 customer accounts.
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