FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Ex-Wells Fargo Rep Must Pay Firm $1.2M
By Janet LevauxFINRA says advisor Robert Loftus must cover promissory notes, interest and legal costs.
August 02, 2016
Securities America to Pay $1.5M for Fund OverchargesThe broker-dealer "disadvantaged" 1,514 clients who were eligible to buy share classes without extra charges, FINRA says.
August 01, 2016
FINRA Accuses Rep of Fleecing Blind, Elderly WidowHank Mark Werner, who is accused of excessive and unsuitable trading, made more than $243,000 in commissions on the account, FINRA said.
July 29, 2016
FINRA Reminds BDs of Arbitration Rights for Clients, RepsThe self-regulator puts firms on notice that customers and reps can't be forced to waive their FINRA arbitration rights.
July 19, 2016
FINRA fines Prudential Financial VA unitA variable annuities distribution unit of Prudential Financial has been fined $950,000 by the U.S. Financial Industry Regulatory Authority (FINRA).
July 15, 2016
Vanguard’s Brennan Elected New FINRA Board ChairmanJack Brennan and new FINRA CEO Robert Cook will replace Richard Ketchum on Aug. 15
July 15, 2016
Enforcement: Citigroup Fined $7M Over Incomplete Blue SheetsIn another action, Goldman Sachs was censured by FINRA and fined in two separate cases.
July 08, 2016
FINRA Enforcement: RBC Failed to Report Reps' Wage GarnishmentsMeanwhile, New York-based Jefferies was censured and fined on TRACE execution time reporting failures.