FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
SEC Charges Advisor With Stealing Over $743K From Clients, Including MLB Player
By Jeff BermanThe fund transfers were used to pay for charges on his dead mother's American Express card, according to the SEC.
September 07, 2022
Oppenheimer Fights $37M Arb Ruling Tied to Ponzi SchemeA FINRA panel said the BD must pay damages to investors allegedly bilked in a scheme run by a former rep.
September 05, 2022
More States Adopt Advisor CE RequirementsWhile many jurisdictions have adopted rules similar to the NASAA model rule, rules vary from state to state.
September 02, 2022
FINRA Hits Baird Over $100 Trading CommissionsThe firm was ordered to pay $416,000 for charging a $100 minimum commission even on small trades, FINRA says.
September 01, 2022
Key Aide to FINRA CEO Gets a PromotionNathaniel Stankard will spearhead integrating FINRA's regulatory operations.
August 29, 2022
Barred Broker Sentenced to 7 Years for FraudMichael Francis Shillin's pretrial probation was revoked after he took an unauthorized Caribbean trip.
August 23, 2022
Leader of $310M Ponzi Scheme Involving Hundreds of Advisors Gets 10 Years in PrisonScott Kohn conspired with a vast network of advisors and agents to scam veterans and retirees, DOJ said.
August 17, 2022
MassMutual BD Fined $250K, Ex-Broker Barred for FraudRegulators in Massachusetts say MLS Investment Services failed to supervise Charles Evan, who pressured clients into buying unsuitable insurance products.