FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Bars Rep, BD for Misleading Private Placement Investors
By Janet LevauxTony Thompson, who sold tenant-in-common deals from 2008-'12, was found to have misled investors on the financial condition of some investments.
March 20, 2015
SEC, FINRA Enforcement: Firm Fined Over Interfund LoansMeanwhile, FINRA censures and fines Thrivent Investment Management for failing to deliver thousands of trade confirmations of mutual fund transactions.
March 17, 2015
New FINRA Broker Bonus Rule Out ‘Fairly Soon’: KetchumThe FINRA CEO also told ThinkAdvisor at a SIFMA conference that "CARDS as it exists now is unlikely to move forward."
March 12, 2015
FINRA Enforcement: I-Bank Hid Client’s Criminal Record From InvestorsMeanwhile, the regulator slapped multimillion-dollar fines on Citigroup Global Markets and Merrill Lynch.
March 05, 2015
Advisor Exam Changes Afoot: IAA’s Chief LobbyistIAA's Neil Simon says exam changes are coming for the same reason the DOL fiduciary rule won't languish at OMB: the political pressure is on.
March 04, 2015
New FINRA Rule to Have ‘Detrimental Impact’ on Arb Process: SutherlandThe rule, just approved by the SEC, could cause a shortage of public arbitrators, a lawyer says.
February 20, 2015
FINRA’s 5 biggest fine categories in 2014Fines involving seniors and retirees went through the roof compared with 2013, with restitution in these cases leaping from $1.7 million to $26 million.
February 19, 2015
SEC, FINRA Enforcement: Fake Hedge Fund Manager Seeks His Perfect MatchThe SEC has charged Moazzam Malik with stealing investor money to pay for a matchmaking site membership and Harvard classes, among other expenses.