Finra Teaches Another Lesson: Don’t Delegate Test-Taking

In another reminder of why brokers should resist cutting compliance corners, the Financial Industry Regulatory Authority has fined and suspended  an Oppenheimer & Co. broker who allegedly had his client service associate complete his continuing education modules for four years. David C. Vanech, a Providence, R.I. broker who has been with Opco for nine of his 12 years in the securities industry, agreed to a three-month suspension and $3,000 fine, according to a letter of acceptance, waiver and consent posted by the Financial Industry Regulatory Authority…READ MORE