Displaying 32 results
What gets Finra’s head of enforcement out of bed in the morning?
The regulator's Bill St. Louis has been sharing his priorities.
Repeat flubs at Stifel over complex products: Finra
Stifel broker-dealers agree to fines and restitution of almost $3 million as a result of shortcomings in supervision and compliance related to sales of non-traditional exchange-traded products.
Principal on the hook for up to $5M related to alleged churning
A Minnesota-based foundation's lawsuit against the firm centers on an unnamed ex-broker's alleged churning of variable annuities.
Investing in precious metals may not be so safe, regulators warn
Joint effort by CFTC, NASAA and Finra flags risks and potential fraud, including common falsehoods and scams aimed at IRA investors.
Osaic, Securities America fined by Finra over cybersecurity
The regulator fined the firms $150,000 each for failures related to protecting thousands of clients’ private information and cybersecurity gaffes.
Former Wells Fargo indie broker is barred by Finra
The broker, Jayson Pocius, was 'discharged' last year from Wells Fargo Advisors Financial Network.
Former Morgan Stanley broker running for office reviewing $147K award
Deborah Adeimy claimed firm blocked her from running in GOP primary, aide says 'we're unclear how award figure was calculated.'
Finra watching crypto assets, brokers in 2024
Finra reveals it's keeping tabs on salespeople and financial advisors who are involved in the marketing and sale of digital assets.
Lawyers welcome proposed crackdown on brokers lending money to clients
'Ninety-nine percent of the time, lending to customers or borrowing from them is a bad idea.'
‘This LPL case is a grab bag,’ says industry attorney
Finra hits LPL, Interactive Brokers with fines as 2023 closes.
Employment stress leads to boost in arbitration cases
'If there are layoffs, arbitration naturally follows,' says George Friedman, editor of the Securities Arbitration Alert.
Bipartisan lawmakers bash Finra
Finra CEO Robert W. Cook defended the broker-dealer self-regulator, citing efforts to rein in firms with long disciplinary histories and protect senior investors.
Finra tried to ban firm for 60,000% fee hike. It hasn’t been easy
Alpine Securities' appeal of Finra's ban could threaten a web of self-regulatory organizations that oversee broad swaths of the U.S. economy.
Online brokers misstep in securities lending: Finra
'Who were the accountants? Lending securities can be lucrative,' a compliance executive says.
Nashville B-D that sold GWG bonds closing down
The securities industry has a long, sad history of firms going out of business after a product like GWG bonds fails.
Bank fined $24M for spoofing in Treasuries market
Two former employees engaged in more than 700 ‘spoofs’ over almost a decade, Finra charges.
Brokerage industry applauds, PIABA criticizes approval of remote inspection proposals
'It's supervision by Zoom,' PIABA says, while Finra says the new rules reflect hybrid work arrangements while protecting investors.
Finra performance advertising proposal helps it keep pace with SEC marketing rule
'There seems to be a little more detail in the Finra rule about the guardrails on the use of the projections,' a compliance lawyer says.
Finra in surprise proposal to allow predicted returns in marketing
SEC reviewing submission to allow 'useful' projected performance.
Robert W. Baird agrees to pay clients $520K for mutual fund charges
The settlement with Baird stems from Finra's 2020 targeted examination regarding rights of reinstatement.
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