FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Suspends Ex-Baird Broker Over $200K in Unapproved Transactions
By Jeff BermanIn addition to a 5-month suspension, the broker has been slapped with a $10,000 fine.
November 15, 2019
FINRA Suspends Broker Who Sold Woodbridge NotesAn advisor has a nine-month suspension, must pay a $5,000 fine and return some $33,000 in commissions and interest over unapproved sales tied to a $1.2 billion Ponzi scheme.
November 14, 2019
FINRA Suspends Advisor Who Hid $50K Private PlacementThe broker also has been slapped with $5,000 fine; he admitted asking the client to reach him via a personal email address after the sale.
November 12, 2019
FINRA Floats Limit on Brokers as BeneficiariesUnder the proposed rule, such arrangements would have to be approved by the firm, said FINRA's Cook.
November 12, 2019
FINRA Plans Reg BI 'Preparedness' ExamsThe regulator will assess firms' Reg BI compliance status as the deadline approaches.
November 06, 2019
Merrill, Raymond James to Return $12M in Excess 529 Plan FeesThese matters concern issues that pre-date FINRA's 529 Plan Share Class Initiative, announced earlier this year.
October 25, 2019
FINRA Says BDs Must Continue Yearly Compliance MeetingsAfter a retrospective review, the compliance meeting will remain intact.
October 25, 2019
FINRA Slaps RBC With $2.9M FineOver eight years, the firm failed to ensure that investors in ETFs, ETNs and mutual funds received prospectuses.