FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Bars Ex-LPL Rep Accused of Investing Client's Money in Ponzi Scheme
By Jeff BermanThe former broker allegedly moved a client's IRA to a different administrator and used forged documentation to invest the money.
February 23, 2021
FINRA Bars Ex-Wells Fargo Rep Over Private Securities TransactionsThe firm's former broker allegedly solicited clients to invest in a software company he was invested in, FINRA says.
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.