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BGC Faces Regulatory Settlement for Supervisory Lapses

BGC Financial, L.P., a member of the Financial Industry Regulatory Authority (FINRA), has submitted a Letter of Acceptance, Waiver, and Consent (AWC) in response to alleged rule violations. The purpose of this AWC is to propose a settlement regarding the described rule violations. BGC has consented to the findings without admitting or denying them, thus accepting FINRA's proposed sanctions.Regulatory Concerns: BGC's Supervisory System FailuresBGC, based in New York and a member of FINRA since Ju... Read More

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Posted: Oct 23 2023, 12:26

Author Name: financemagnates

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