PRMB - What does PRMB stand for? The Free Dictionary
References in periodicals archive
FINRA also censured and fined Santander $2 million for supervisory failures related to sales of PRMBs
and Puerto Rican closed-end funds, and for failing to reasonably supervise employee trading in its Puerto Rico branch office.
Between December 2012 and October 2013, Santander did not ensure that its proprietary product risk-classification tool accurately reflected market risks of investing in PRMBs
, and failed to adequately supervise its customers' use of margin and concentrated positions in their accounts, according to FINRA.