Finra Slams J.P. Morgan Securities Over Background Check Failures

J.P. Morgan recently was fined $1.25 million by the Financial Industry Regulatory Authority (FINRA) for failing to conduct “timely or adequate background checks” on about 95% of its registered associated persons.

The company failed to fingerprint 2,000 of its non-registered associated persons in a timely manner, preventing the firm from determining whether those persons could have been deemed unsuitable to work at the firm. In addition, the firm limited its screening to criminal convictions specified in federal banking laws and an internally created list for other non-registered associated persons. In total, FINRA alleged J.P. Morgan did not appropriately screen 8,600 individuals for all felony convictions or for disciplinary actions by financial regulators.

Queens Award Ceremony

Great excitement at the Verifile offices yesterday as we were presented with our Queen’s Award Grant of Appointment and crystal bowl by Her Majesty’s Lord-Lieutenant for Bedfordshire

candidates bearing false degrees

Recruiters warned not to take degrees at face value in light of closures of 75 websites offering fake degrees

Verifile wins prestigious Queen’s Award

Today, I am thrilled to announce that Verifile has been awarded the Queen’s Award for Enterprise in the category of International Trade. Our award recognises the outstanding growth in our overseas sales over the past six years.

Background Screening and CV Verification

Screening the CVs of potential employees can be a time consuming and expensive process which has just become a lot quicker, easier and cost effective!