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Firm executes a large customer order and reports it to TRACE

Employee trades ahead of a large client order to profit personally

Employee delays trade reporting to regulators

Firm blocks a client order due to lack of margin

Depositing customer checks into a designated customer account

Placing customer funds in a firm’s operating account

Segregating fully paid securities in possession and control

Forwarding funds to a clearing firm

Regulatory sanctions, disciplinary action, and criminal charges

No penalties if customers were unaffected

Only internal retraining

SIPC coverage suspension only

Cash gratuities of any amount are prohibited under FINRA rules

Acceptable if under $100

Allowed with supervisor approval

Permissible if reported annually

Broker-dealers from advertising mutual funds

Banks from proprietary trading and owning hedge funds/private equity

Clearing firms from handling government securities

SIPC from protecting margin accounts