The Financial Industry Regulatory Authority, FINRA, fined a former Robert W. Baird Co. compliance officer $10,000 and suspended her for nine months for her role in the firm’s failure to comply with some regulations governing short sales. The Milwaukee-based firm was fined $900,000 in February for failing to implement a “comprehensive and effective framework” for complying with rules regarding short selling, and it accepted FINRA’s findings without admitting or denying the claims, according to a report from the Milwaukee Journal Sentinel.
FINRA Fines Former R.W. Baird Compliance Officer Over Short Sales
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