UBS Hit With Second $18M Ruling Over Puerto Rican Munis
The ruling includes $4 million in punitive damages, while the prior award is being challenged in court.
FINRA’s Top 5 Exam Priorities for 2017
Advisors and broker-dealers have just received a “cheat sheet” of sorts from FINRA.
5 Brokers Who Crossed FINRA in Q4
Advisors did everything from obtaining credit cards using fake names to lying under oath, regulator says.
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.