FINRA Fines Citigroup Global Markets $1.25 Million for Failing to Conduct Adequate Background Checks

Written By ESR News Blog Editor Thomas Ahearn On July 29, 2019, the Financial Industry Regulatory Authority (FINRA) – which regulates brokerage firms doing business with the public in the U.S. – announced it had fined Citigroup Global Markets Inc. (CGMI) $1.25 million for failing to conduct timely or adequate background checks on more than 10,000…

FINRA Fines J.P. Morgan Securities $1.25 Million for Failing to Conduct Adequate Background Checks

Written By ESR News Blog Editor Thomas Ahearn On November 21, 2017, the Financial Industry Regulatory Authority (FINRA) – which regulates brokerage firms doing business in the U.S. – announced it had fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct adequate background checks on approximately 8,600, or 95 percent, of its non-registered associated…

NAPBS Submits Comments to California Public Utilities Commission Concerning Transportation Network Companies

  Written By ESR News Blog Editor Thomas Ahearn The National Association of Professional Background Screeners (NAPBS®) has submitted comments requested by the California Public Utilities Commission (CPUC) regarding the background checks of prospective Transportation Network Company (TNC) drivers under the ‘California Public Service Commission Rulemaking 12-12-011’ (Order Instituting Rulemaking on Regulations Relating to Passenger…

Proposed Legislation Would Allow Summer Camps and Youth Organizations to Access FBI Sex Offender Background Checks

  Written By ESR News Blog Editor Thomas Ahearn U.S. Senator Charles E. Schumer (D-New York) has launched a campaign to pass his bipartisan legislation – Child Protection Improvements and Electronic Life and Safety Security Systems Act of 2015 – that would change the federal law preventing summer camps and other not-for-profit youth organizations from…

GAO Releases Report on Criminal History Records

Written By ESR News Blog Editor Thomas Ahearn The Government Accountability Office (GAO) – the “congressional watchdog” investigating how the federal government spends taxpayer dollars – has released a report on the use of criminal background checks titled ‘Criminal History Records: Additional Actions Could Enhance the Completeness of Records Used For Employment-Related Background Checks (GAO-15-162).’…

Congressional Briefing on Consequences of Inaccurate Background Checks for Employment Scheduled for October 1

A Congressional Briefing entitled ‘The Consequences of Inaccurate Employment Background Checks’ that should feature a report from the National Law Employment Project (NELP) – ‘Wanted: Accurate FBI Background Checks for Employment’ – that examines the accuracy of Federal Bureau of Investigation (FBI) background checks will take place Tuesday, October 1, 2013 at 4:00 PM in…