How Outside Business Activities Doomed a UBS Advisor
Phil Fiore was involved in a utility, which created a complicated regulatory situation for the now-fired registered rep.
FINRA Awards Rep $417,000 Over Firing
A regulatory panel ruled that Southwest Securities wrongfully fired and defamed Kimberly Rose.
FINRA’s 12 Fines of Christmas: Wells Fargo, LPL Flub Security of Records
The companies were fined a total of $14.4 million, as some firms failed to keep millions of records in the proper electronic format.
FINRA Expels First Crowdfunding Portal
The regulator says uFundingPortal.com violated several SEC regulations and FINRA's own portal rules.
Reps Fired by Wells Fargo Asked to Call FINRA
FINRA is investigating whether the U5 forms of several hundred employees "contained inaccurate or incomplete comments related to the reason for the termination."
Wells Fargo to Pay $1M FINRA Fine Over Client Reports
Some 5 million-plus documents were not reviewed adequately, FINRA says, especially regarding client holdings outside of the bank.
FINRA Fines VALIC $1.75M Over Comp Policies, VA Sales
For three years, reps had incentives to move assets into proprietary products and were not adequately supervised, the regulator says.
FINRA Reviews Cross-Selling by 207 Ex-Advisors at Wells Fargo
As senators press for action, the regulatory group says it is checking documents tied to firing or discharge of bank employees.
Senators Challenge Wells Fargo Over Fired Employees
FINRA records show that some bank staff were let go as early as 2011, raising more questions about its response to the fraud.
Ex-Broker Must Pay $600K for ‘Siphoning Money’ From Older Couple: FINRA
Jerome Krause fraudulently borrowed money from his clients when he was working for First Heartland Capital, FINRA said.