FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Fines Ex-Morgan Stanley Rep Over Inaccurate Meal Expense Reports
By Jeff BermanThe advisor sued Morgan Stanley for wrongful termination.
February 19, 2021
Ex-Merrill Rep Barred for Keeping $100 Found at ATM: FINRAThe former broker and advisor was terminated by the firm in late 2019.
February 03, 2021
FINRA Targets 'Game-Like' Digital PlatformsAsked if it was concerned about potential FINRA sanctions, MassMutual says it's reviewing "Roaring Kitty" GameStop trading activity.
January 25, 2021
FINRA Starts Probe of Reps' PPP Loans"FINRA is proactively looking at registered representatives that obtained loans through undisclosed outside business activities," a FINRA spokesperson said.
January 14, 2021
Ex-Rep, in Prison, Ordered to Pay Wells Fargo $3MIn 2019, the former broker was sentenced to five years for operating a Ponzi scheme.
January 04, 2021
529 Plan Share Class Crackdown Yields $2.7M for ClientsRestitution and interest for owners of 529 plan accounts came from 19 firms, says FINRA.
January 04, 2021
FINRA Fines LPL $6.5M Over Faulty Background Checks, Deleted RecordsThe firm failed to fingerprint more than 7,000 non-registered associated persons, FINRA says.
December 21, 2020
Transamerica to Pay $8.8M Over Annuity, Fund & 529 Supervisory FailuresThe problems at Transamerica Financial Advisors affected 2,400 clients of variable annuities, mutual funds and college savings plans.