FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Enforcement: Illinois Mayor Fined for Misusing Hotel Bonds
By Marlene Y. SatterThe SEC also froze the assets of a trader who faked filings and then made $425,000.
May 18, 2016
FINRA Fines Raymond James $17M Over ‘Widespread’ AML Failures"Raymond James had significant systemic AML failures over an extended period of time," said FINRA's enforcement chief.
May 13, 2016
Enforcement: Father, Son Paid for Fraud Defense by Bilking Native Americans: SECIn another action, FINRA censured and fined Securities America over note sales without due diligence.
May 11, 2016
Senators raise concerns about advisor oversightFINRA says advisors who are dismissed from their jobs over misconduct allegations easily find fresh employment, and are likely to be repeat offenders.
May 11, 2016
Sen. Warren Tells FINRA Chief to Rein in Broker MisconductSen. Elizabeth Warren wants to know how FINRA is responding to a study finding 1 in 13 advisors have black marks on their BrokerCheck records.
May 03, 2016
MetLife faces record FINRA fine for misleading annuity customersThe insurer agreed to pay $25 million, the largest variable annuity penalty set by the Financial Industry Regulatory Authority.
May 03, 2016
MetLife fined millions for annuity salesFINRA has fined MetLife Securities, Inc. $25 million for wrongdoing related to some replacement variable annuity sales.
May 03, 2016
MetLife Securities to Pay $25M to FINRA Over ‘Negligent’ VA ReplacementsMetLife's misstatements led customers to replace their annuities with products that were more expensive or had fewer features, FINRA says.