A broker-dealer was charged with failing to supervise three employees who collectively spent more than $600,000 while improperly entertaining traders at an investment firm in an effort to generate brokerage business. The regulator also charged the three employees and a supervisor for their roles in securities laws violations by the traders.

It seems like a pervasive practice where brokers strive to achieve their goals no matter what.

What do you think?


Consuelo Herrera - Accounting Editor

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