FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA says it gave failing grade to 208 test takers by mistake
By Michael J. MooreThe Financial Industry Regulatory Authority mistakenly gave failing grades to 208 candidates for the Series 24 exam.
September 21, 2015
FINRA’s 5 Biggest Fine Categories in First Half of 2015FINRA is on track to impose $75 million in fines this year, the second most since the financial crisis.
September 18, 2015
FINRA Floats Tougher Expungement RulesFINRA arbitration panels would have to provide a more detailed rationale for granting a rep's request to have black marks wiped off their BrokerCheck report.
September 17, 2015
FINRA Floats Plan to Help Block Elder ExploitationA rule under consideration would place a temporary hold on disbursements from accounts of elderly or disabled people if there is suspected financial exploitation.
September 15, 2015
FINRA Nabs 10 Reps in Risky Broker OpFINRA carefully watches broker migration, especially when reps "move in groups from an expelled or high-risk firm to other securities firms," says FINRA's Axelrod.
August 24, 2015
Schwab Hit With $2M FINRA Fine Over Net Capital DeficienciesOn three occasions in 2014, Schwab was short on net capital by as much as $775 million.
August 21, 2015
FINRA Enforcement: Sterne Agee Fined Over Lost LaptopMeanwhile, Capital Guardian was fined for failing to detect suspicious transactions involving Venezuelan bonds.
August 19, 2015
FINRA Sweeping BDs on Comp PracticesRecruiter Jon Henschen says FINRA treats BDs like "moonshiners," made to pay "extortion money" in the form of fines for breaking ever-more convoluted rules.