FINRA Fines Morgan Stanley $1m Over Corporate & Muni Bonds

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The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Morgan Stanley & Co. Inc. and Morgan Stanley Smith Barney LLC $1m and ordered $371,000 in restitution and interest to customers for excessive markups and markdowns charged to customers on corporate and municipal bond transactions, and related supervision violations.

FINRA Fines UBS Securities $12m

UBS HQ Archway

The Financial Industry Regulatory Authority (FINRA) has announced that it has fined UBS Securities LLC $12m for violating Regulation SHO (Reg SHO) and failing to properly supervise short sales of securities.