FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
SEC Fines Ex-Stifel Rep Charged With Scamming Elderly Widow
By Jeff BermanThe rep was accused of misappropriating funds for his Colorado vacation home, according to the SEC complaint.
September 02, 2020
Wells Fargo to Pay $2M Over Variable Annuity SwitchesThe firm failed to supervise reps' recommendations that customers switch from VAs to investment company products, FINRA claims.
August 21, 2020
Ex-Raymond James Rep Suspended for Unauthorized TradingThe broker exercised discretion in a client's account without written authorization, FINRA says.
August 20, 2020
FINRA Warns of Fake Broker WebsitesThe sites use reps' names and other information and may appear to be their personal sites.
August 18, 2020
UBS Reps Suspended for Unauthorized TradingFINRA also suspends ex-Edward Jones rep, claiming he settled a client complaint without the knowledge or approval of the firm.
August 17, 2020
Ex-JPMorgan Rep Barred for Refusing to Cooperate in FINRA ProbeFINRA also barred a rep that it claimed converted $275,000 of a relative's money for his own use and then lied about it.
August 17, 2020
Brokers Beware: FINRA Warns Member Firms of Impostor SiteA fake FINRA website has an extra "n" in its domain name and asks for advisor info, the regulator says.
August 13, 2020
Morgan Stanley to Pay Over $950K in Restitution, FinesA now ex-advisor "on hundreds of occasions" recommended clients buy and then quickly sell corporate bonds or preferred securities, says FINRA.