Susan Merrill
Susan Merrill
business carefully closing customers excess market price protect relating strategies trades vital
It is vital for firms to carefully supervise trades relating to business strategies pegged to the closing price to protect customers and the market from excess volatility.
adequate assets case control customer goes heart money procedures reminder stern
This case is a stern reminder that firms must have adequate procedures to supervise and control transfers of assets from customer accounts. It goes to the heart of customers' expectations that their money is safe.
accurately allow blue cannot component essential failure information insider internal market operations potential requests respond sheets sure systems test vital
Blue sheets are an essential component of NYSE investigations into insider trading, market manipulation and other potential violations. Firms must get their operations in order, then periodically test their internal systems to be sure this vital information is accurate. We cannot allow the failure of firms to respond accurately and completely to regulatory requests for information to impede our investigations.
areas cannot customer financial risk
A broker-dealer cannot place the financial markets, and its customers, at risk by its own inadequacies, especially in the areas of anti-money laundering and customer accounts.