Weekly Roundup: Russia Posthumously Convicts Whistleblower Magnitsky, Finra Fines Firm Over $9 Million for AML and Other Failings, and More

The Financial Industry Regulatory Authority and four other regulators jointly fined Chicago, IL-based Newedge USA, LLC $9,500,000 for anti-money laundering violations, failure to adequately monitor the activities of its registered reps and poor supervision of client trading. Finra said that Newedge failed to conduct due diligence on potentially manipulative trading practices and failed to identify the beneficial owners of certain accounts. More Deceased whistleblower and lawyer Sergei Magnitsky was convicted of tax evasion on Thursday, Al Jazeera reported. Magnitsky's one time client, William Browder, was also found guilty of evading approximately $17 million in taxes. More Magnitsky's imprisonment and later...