Tag Archives: NRAs

Firm Fined $1.25 Million for Failure to Run Adequate Background Checks

The Financial Industry Regulatory Authority (FINRA) announced it has fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct timely or adequate background checks on approximately 8,600, or 95 percent, of its non-registered associated persons (NRAs) from January 2009 through May 2017.¬† ¬†Additionally, FINRA found that for more than eight years, J.P. Morgan did … Continue reading Firm Fined $1.25 Million for Failure to Run Adequate Background Checks