FINRA Fines Morgan Stanley $1.6 Million for Municipal Securities Violations and Related Failures

FINRA announced today that it has fined Morgan Stanley Smith Barney LLC $1.6 million for the firm’s repeated failures to timely close out failed inter-dealer municipal securities transactions and to take prompt steps to obtain physical possession or control of municipal security positions that are short more than 30 calendar days, and related supervisory failures.

2021073201301 Ceros Financial Services, Inc. CRD 37869 AWC lp (2024-1710548437918).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021073201301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Ceros Financial Services, Inc. (Respondent) Member Firm CRD No. 37869 Pursuant to FINRA Rule 9216, Respondent Ceros Financial Services, Inc. submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.
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