OMAHA, Neb. AP – Financial-industry regulators have fined an Omaha company $350,000 for failing to adequately monitor suspicious penny-stock trades that could have been used for money laundering.
The Financial Industry Regulatory Authority said Thursday that it had fined Legent Clearing for failing to implement reasonable money-laundering detection programs. FINRA also fined two other brokerage companies $925,000 because of similar concerns about the strength of their anti-money laundering policies.
