FINRA ENFORCEMENT: 25 Top Cases

The Financial Industry Regulatory Authority reviewed enforcement case trends at its annual conference in Washington, D.C. this week. Here are 25 top cases from its files.

Bond Funds:<br> Morgan Keegan. Case # 2007011164502. $200 million Bond Funds:<br> Charles Schwab. Case #2008012876902. $18 million Short Selling:<br> UBS Securities. Case #20080144511. $12 million
Short Selling:<br> Credit Suisse Securities (USA). Case #20080144512. $1.75 million UIT and Floating Rate Notes:<br> Chase Investment Services Corporation. Case #2008015078603. $3.6 million Mortgage-Backed Securities:<br> Credit Suisse Securities. Case #200801280890. $4.5 million, and, <br> Merrill Lynch. Case #2008012808201. $3 million. Mortgage-Backed Securities:<br> Barclays Capital. Case #2008012808801. $3 million
Structured Products: <br> Santander Securities of Puerto Rico. Case #20080117193-01. $2 million penalty and $7 million reimbursement to customers for losses Structured Products: <br>Wells Fargo Investments. Case #2008015651901. $2 million Structured Products: <br> UBS Financial Services. Case #2008015443301. $2.5 million fine and restitution of $8.25 million. Prospectus Delivery:<br> Wells Fargo Advisors. Case #20100229218. $1 million
Supervisory Lapse:<br> Merrill Lynch, Pierce, Fenner & Smith Inc. Case #2608013990502. $1 million Arbitration:<br> Merrill Lynch. Case #2009020188101. $1 million Non-Traded Real Estate Investment Trusts:<br> David Lerner Associates, Inc. &#150; Complaint (Case #2009020741901). TBD Research:<br> Citigroup Global Markets. Case #20080123101. $725,000
Back Office Operations:<br> BNP Paribas Securities. Case #2008013504201. $650,000 Structured Products: <br> Morgan Stanley & Co. Case #2008015963801. $600,000 fine Mortgage-Backed Securities:<br> Northern Trust Securities. Case #2009018771601. $600,000 Safeguards on Customer Records:<br> Lincoln Financial Securities. Case #2009018720501. Lincoln Financial Advisors Corp. Case #2009020074601. $600,000
Supervisory Lapse:<br> UBS. Case #2010022093601. $600,000 Failure to Supervise Tax Dividends:<br> Morgan Stanley & Co. Case #2008015717101. $575,000 Theft flowing from Supervisory Lapses:<br> Citigroup Global Markets. Case #2008013231502. $500,000 Anti-Money Laundering:<br> First Clearing Corporation. Case #2008012791101. $400,000 fine
Anti-Money Laundering:<br> Merrill Lynch, Pierce, Fenner & Smith. Case #2009020383001. $400,000 fine Non-Traded Real Estate Investment Trusts:<br> Wells Investment Securities. Case #2009019893801. $300,000

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