FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Enforcement: Monex Fined for Letting Unregistered Reps Advise Clients in Mexico
By Marlene Y. SatterMeanwhile, Merrill was fined $300,000 for supervisory failures.
January 06, 2015
Finra to probe broker conflicts when exchanges offer rebatesThe SEC has been looking into rebates and other incentives that influence where brokers send client orders.
December 29, 2014
FINRA Fines Pershing $3M for Cash Reserve ShortfallPershing's failure to hold enough cash and securities in reserve broke the SEC's Customer Protection Rule, FINRA said.
December 23, 2014
FINRA Assumes Regulatory, Insider Trading Role for OptionsDeal announced with CBOE and C2 Options exchanges will allow regulator to conduct cross-market surveillance on both options and equity insider trading.
December 22, 2014
FINRA Bars Ex-Broker for Stealing From Elderly CustomerEx-Wells Fargo broker Jeffrey McClure was permanently barred from the industry for using nearly $89,000 in an elderly client's blank checks for his own expenses.
December 16, 2014
FINRA Penalizes Merrill $2.4M Over Pricing of GM NotesThe fine and restitution are tied to markdowns of more than 10% paid to several hundred clients over two years.
December 15, 2014
Investors Say No to FINRA’s CARDS Plan"Data from this survey reveals that investors have serious concerns about the CARDS proposal and the risks such a system could pose to their privacy," says SIFMA CEO Bentsen.
December 11, 2014
Fines R Us: FINRA Hits 10 Banks for $43M Over Toys R Us IPOThe firms, including Citigroup, Credit Suisse and Goldman, offered favorable research to win investment banking business.