FINRA Sweeps Broker-Dealers for Info on Nontraded BDCs
The exam sweep covers all member firms and advisors selling the companies between January 2015 and June 2016.
Ex-Wells Fargo Rep Must Pay Firm $1.2M
FINRA says advisor Robert Loftus must cover promissory notes, interest and legal costs.
Investors Fight Brokers From Cetera, Wells Fargo Over Big Energy Losses
Investors are not happy with low oil prices, and a growing number of them are taking action against their advisors.
Securities America to Pay $1.5M for Fund Overcharges
The broker-dealer "disadvantaged" 1,514 clients who were eligible to buy share classes without extra charges, FINRA says.
FINRA Accuses Rep of Fleecing Blind, Elderly Widow
Hank Mark Werner, who is accused of excessive and unsuitable trading, made more than $243,000 in commissions on the account, FINRA said.
FINRA Posts Loss for 2015 as Costs Rise, Fines Drop 30%
Revenue from fines weakened to $93.8 million, while costs grew to over $1 billion on technology projects.
FINRA Fines Deutsche Bank $6M for Bad, Late Trading Data
The failures in the firm's blue sheet data systems involved over 1 million trades from 2008 to 2015.
Massachusetts Hunts for ‘Rogue Brokers’ at 241 BDs
The regulator wants information on hiring practices at firms that have above-average numbers of advisors with misconduct records.
NBA, NFL Players Win Arb Case Against Morgan Stanley
The case was brought before FINRA and alleged the firm did not adequately supervise a now-barred broker.
Sen. Warren Tells FINRA Chief to Rein in Broker Misconduct
Sen. Elizabeth Warren wants to know how FINRA is responding to a study finding 1 in 13 advisors have black marks on their BrokerCheck records.