FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Barred Broker With 37 Client Complaints Hit With SEC Fraud Charges
By Jeff BermanMichael Shillin is accused of deceiving more than 100 clients on matters including insurance, pre-IPO shares, taxes and retirement accounts.
September 20, 2021
FINRA Fines Ex-Merrill Rep Who Hid Felony Drug ChargesThe broker was charged with possessing more than 10 pounds of marijuana and lied about it on two U4 forms, FINRA says.
September 17, 2021
FINRA Sweeps BDs on Use of Social Media Influencers, Referral ProgramsThe sweep focuses on practices related to customer acquisition through channels like TikTok, Facebook and Reddit.
September 15, 2021
FINRA Files to Extend Remote Branch-Office InspectionsThe proposed rule change would include 2022 inspection obligations through June 30.
September 14, 2021
FINRA Fines Former Wells Fargo Rep Who Lied About Outside AccountsThe ex-broker falsely stated on a compliance questionnaire that he had no outside accounts, FINRA says.
September 14, 2021
SEC's Gensler Signals Likely OK to Extend FINRA Remote InspectionsGensler noted that there are "trade-offs" in conducting remote exams.
September 13, 2021
Barred Broker Admits Orchestrating $100M Ponzi SchemeShe faces up to 20 years in prison and a $5 million fine after pleading guilty to securities fraud.
September 10, 2021
FINRA Exam Chief Bari Havlik to RetireShe'll be succeeded by Greg Ruppert on Nov. 1.