What was the result of FINRA's case against Jeffries for the tickets, flights, parties, etc. given to Fidelity traders?
A) There were no sanctions by FINRA, just by the SEC
B) Jeffries was delisted from the national stock exchanges
C) Penalties and disgorgement of profits
D) All of the above are correct statements

Question

Quizplus · Accepted Answer

FINRA fined Jefferies $4 million in penalties and ordered them to disgorge $9.8 million in profits. Additionally, FINRA banned two of the executives involved from the securities industry and suspended three others. There were no delistings by the stock exchanges, and while the SEC also took action, this question specifically asks about FINRA's case. Therefore, option C is the correct choice.

What Was the Result of FINRA's Case Against Jeffries for the Tickets