FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
SEC Needs to Improve Oversight of FINRA: GAO
By Melanie WaddellSEC's oversight of FINRA lacks documented policies and procedures for determining which findings and corrective actions to track.
December 13, 2021
FINRA Caps Off UIT Rollover Sweep With $2M Fine on Wells Fargo UnitThe sweep, which began in 2019, yielded more than $23 million in fines and restitution, FINRA said.
December 13, 2021
Ex-Broker Charged With Murdering Client May Also Face FINRA SanctionsFINRA filed a complaint against the ex-broker, awaiting trial in prison, after he failed to cooperate with a fraud investigation.
December 13, 2021
7 Worst Bogus Advisors in America: 2021The head of an investment club called Amongst Friends and a dentist were among those accused of running investment scams.
December 10, 2021
Ex-LPL Rep Sentenced to 2½ Years in Prison for Stealing From Retired ClientThe former broker was also ordered to pay $639,580 in restitution and a special assessment of $100.
December 07, 2021
Ex-Merrill Broker Arrested Over Charges Tied to $1M ScamThe former broker allegedly used investors' funds to buy a luxury car "and pay fees for a private golf club on Long Island," says the DOJ.
December 07, 2021
FINRA Fines Wells Fargo $2.25MWells Fargo Advisors Financial Network and Wells Fargo Clearing Services failed to store about 13 million client records in the "WORM" format.
December 07, 2021
Regulators: Hold On to Digital Communications!The pandemic forced online communication through several devices; now, regulators want advisory firms to hold on to this information.