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.
Advisor Misconduct: How Widespread?
A new study of advisor misconduct is drawing attention to bad behavior in the financial industry — and to itself for what industry players and analysts point to as exaggerations, skewed data and other issues.
Wall Street’s Alliance Against Hackers
Cybersecurity alarms have brought financial institutions and regulators into common cause
The Fiduciary Standard Is Far From Enough
Above all, the advisory field needs to become more competent, Bob Seawright says.