FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA’s 5 Biggest Fine Categories in First Half of 2015
By Melanie WaddellFINRA is on track to impose $75 million in fines this year, the second most since the financial crisis.
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.
August 14, 2015
SEC, FINRA Enforcement: Former 'Real Housewives' Husband Fined for Naked Short SellingBrokerage firm ITG Inc. and affiliate AlterNet Securities will pay $20.3 million for running secret dark-pool trading desk.
August 07, 2015
SEC, FINRA Enforcement: 2 Busted for Selling Fake ‘Charitable Gift’ AnnuitiesMeanwhile, the SEC busted a $114 million Ponzi scheme involving driver safety technology.
August 05, 2015
Ex-Morgan Broker Loses Fight With FINRA Over ‘Forgivable’ NotesBreakaway broker Nick Ragone, who claims FINRA colludes with firms, is livid over a ruling on $400,000 in bonus promissory notes.