FINRA Fines Apex Clearing $3.2 Million for Violations Relating to Fully Paid Securities Lending Program

WASHINGTON—FINRA has fined Apex Clearing Corporation $3.2 million for violations related to its fully paid securities lending program. This is the first time FINRA has charged a firm with violating FINRA Rule 4330, which establishes permissible use of customers’ securities to ensure customer protection.

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