StoneX Fined USD60,000 for Compliance Failures

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The Financial Industry Regulatory Authority (FINRA) fined StoneX Financial Inc USD60,000 for multiple compliance failures. According to the official announcement, FINRA found that between the end of 2017 and the middle of 2018, StoneX failed to immediately display, route, execute or cancel 27 out of 35 of customer limit orders. In addition, the financial company failed to establish and maintain a supervisory system to ensure compliance within the system. In this way, StoneX has violated multiple rules of FINRA’s regulatory regime. The broker-dealer company has accepted and agreed to the penalty imposed by FINRA.

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