FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Enforcement Chief Bennett to Depart
By Melanie WaddellBrad Bennett will leave early next year and return to private practice.
December 06, 2016
FINRA Says UBS Must Pay $18.6M to Puerto Rican Couple Over Closed-End FundsThere are more than 1,000 pending claims regarding Puerto Rico closed-end mutual funds sold by UBS, the claimants attorney says.
December 05, 2016
Credit Suisse Fined $16.5M by FINRA for Weak Anti-Money Laundering PoliciesThe firm fell short on procedures to detect possible money laundering involving microcap stock transactions.
December 02, 2016
FINRA to Increase Number of Public ArbitratorsThe SEC has approved a FINRA rule to increase the number of arbitrators on the public arbitrator list from 10 to 15.
November 30, 2016
FINRA Hits Merrill With $7M Penalty on Customer AccountsFINRA fined Merrill for inadequately supervising its customers use of leverage in certain brokerage accounts.
November 29, 2016
FINRA Fines VALIC $1.75M Over Comp Policies, VA SalesFor three years, reps had incentives to move assets into proprietary products and were not adequately supervised, the regulator says.
November 18, 2016
FINRA Sanctions Oppenheimer & Co. $3.4 Million: EnforcementIn other enforcement news, SEC charges a renewable energy company, CEO and others with defrauding investors.
November 11, 2016
The Chilling Effect of an Over-Zealous FINRA's GibbetingAs FINRA puts the regulatory thumbscrews on broker-dealers, stepped-up policing trickles down to the advisor level. It's not a good development.