The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets Inc. $1.25 million for failing to conduct timely or adequate background checks on approximately 10,400 non-registered associated persons spanning a seven-year period.
After the mass shooting that took place in Virginia beach last Friday, Senator Charles Schumer (D-N.Y.) is pushing for gun background check legislation, according to a news report.
U.S. Sens. John Thune (R-S.D.) and Gary Peters (D-Mich.), introduced the Secure Traveler Act, legislation that would expand enrollment in TSA PreCheck for individuals who have passed extensive background checks, like federal employees holding an active security clearance and law enforcement officers.
U.S. Senator Richard Blumenthal (D-CT) and U.S. Representative Debbie Wasserman Schultz (FL-23) introduced bicameral legislation to implement instant universal background checks for the sale of gun ammunition.