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Summaries and explanations of the latest regulatory compliance announcements, reports and related stories.

Regulatory Briefs Jon Hurd Regulatory Briefs Jon Hurd

FINRA Disciplinary Action: August 2020

Firms Fined. Exane, Inc. was fined$50,000 for failing to establish management controls and supervisory procedures to manage the financial and regulatory risks of the business. The firm’s credit limit controls were not automated nor applied on a pre-trade basis to prevent order entries that exceeded the pre-set capital thresholds for each customer.

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