Behavox Blog

FINRA fine for Raymond James a timely reminder of basic process required to reasonably supervise email communications

Jan 29, 2018 6:49:02 AM / by Behavox Regulatory Intelligence posted in surveillance, FINRA, enforcement




The US Financial Industry Regulatory Authority (FINRA) announced on December 21 that it fined Raymond James Financial Services, Inc. $2 million for failing to maintain reasonably designed supervisory systems and procedures for reviewing email communications. In addition, Raymond James agreed to conduct a risk-based retrospective review to detect potential violations evidenced in past emails.

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