Broker's Lax ACH Monitoring Led To $330K Theft, FINRA Says <https://www.law360.com/compliance/articles/1851096?nl_pk=ab5ce197-c1fb-4d8e-a411-413bce38e654&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2024-06-26&read_main=1&nlsidx=0&nlaidx=9>
By Emilie Ruscoe A broker-dealer that was once a unit of Oregon-headquartered Umpqua Bank has agreed to pay $225,000 to the Financial Industry Regulatory Authority after self-reporting supervisory oversights that enabled unauthorized parties to siphon over $330,000 out of a customer's account. Letter attached | Read full article » <https://www.law360.com/compliance/articles/1851096?nl_pk=ab5ce197-c1fb-4d8e-a411-413bce38e654&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2024-06-26&read_more=1&nlsidx=0&nlaidx=9> | Save to favorites » <https://www.law360.com/compliance/articles/1851096?nl_pk=ab5ce197-c1fb-4d8e-a411-413bce38e654&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2024-06-26&read_later=1&nlsidx=0&nlaidx=9>
