FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Pershing Ordered to Pay $648.5K to More Stanford Victims
By Jeff BermanA FINRA arb panel rules in favor of more investors claiming losses in the Ponzi scheme run by financier R. Allen Stanford.
July 01, 2021
With a Record Fine Behind It and an IPO Ahead, Will Robinhood Change Its Ways?The brokerage prepares to go public amid discussion of whether the $70 million penalty is "an absolute joke" or "a start" on holding it responsible.
June 30, 2021
Robinhood Hit With FINRA's Biggest-Ever PenaltyThe record fine and restitution, totaling about $70 million, reflect "the scope and seriousness of the violations," FINRA says.
June 29, 2021
Trendspotter: Reverse Mortgages Help Retirees Capitalize on Their Biggest AssetDemand for these products, which once had a bad reputation, spiked during the pandemic, a professor says.
June 28, 2021
FINRA Bars Ex-Ladenburg Broker Accused of Forging Client SignaturesThe former broker for Ladenburg's Triad Advisors, now owned by Advisor Group, also refused to produce documents in a FINRA inquiry.
June 28, 2021
FINRA Suspends Merrill Rep Over Early UIT RolloversThe rep, also a registered Merrill supervisor, has been suspended for three months and fined $5,000.
June 25, 2021
Merrill to Pay More Than $11M Over UIT RolloversOver 3,000 clients incurred potentially excessive sales charges in connection with early UIT rollovers, FINRA says.