FINRA Says Broker Enabled 'Ramp-And-Dump' IPO Schemes - Law360
The Financial Industry Regulatory Authority announced that Revere Securities LLC has agreed to pay $800,000 to settle claims that it overlooked the potentially suspicious activity of customers involved in small-cap, foreign public offerings prone to "ramp-and-dump" schemes.
The Financial Industry Regulatory Authority announced that Revere Securities LLC has agreed to pay $800,000 to settle claims that it overlooked the potentially suspicious activity of customers involved in small-cap, foreign public offerings prone to "ramp-and-dump" schemes.
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