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Massachusetts, Finra fine Fidelity $1.65 million, alleging lax standards for options trading
Galvin cites Fidelity's “half-hearted and lackadaisical attitude” on approving clients to trade risky securities.
State regulators, PIABA continue to resist Finra’s plan for remote supervision
But LPL Financial, Fidelity back the idea of allowing supervisors to work from home, using technology to oversee reps, as they did during the pandemic.
Finra arbitrators order Fidelity to pay options trader nearly $4 million
The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.
Massachusetts says Fidelity rubber-stamped options applications
Regulator's complaint details examples of repeated applications – in some instances as many as 13 in one month.
