FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Advances Rules on Senior Exploitation, E-Signatures
By Melanie WaddellFINRA plans to publish a Regulatory Notice seeking comment on amendments to its senior exploitation rule.
September 11, 2020
Older Investors Prone to Financial Overconfidence, Risk-Taking: FINRAFinancial knowledge is lower among older investors but financial confidence isn't, a FINRA Foundation study finds.
September 11, 2020
Wells Fargo Says Reps Can Be Wined and Dined for Remote MeetingsUnlike another wirehouse, the bank allows advisors to consume meals and drinks provided by vendors for virtual gatherings.
September 10, 2020
FINRA Fines Former LPL, Woodbury Rep Who Accepted Client's GiftsThe broker, now suspended for four months, inherited over $715,000 after her "second cousin once removed" died, the regulatory group says.
September 09, 2020
Former Compliance Chief to Pay $65K Over Broker's Leveraged ETF TradesThe CCO "enabled" a broker's unauthorized trades that lost $1 million of client money, the SEC said.
September 08, 2020
SEC Fines Ex-Stifel Rep Charged With Scamming Elderly WidowThe rep was accused of misappropriating funds for his Colorado vacation home, according to the SEC complaint.
September 04, 2020
FINRA Bars Ex-Merrill Rep Who Refused to Cooperate With ProbeThe former broker declined to provide documents and info requested as part of an investigation, FINRA says.
September 02, 2020
SEC Charges Ex-LPL Rep With Stealing $300K From Retired ClientThe rep defrauded a 73-year-old client with whom he shared a bank account, the SEC says.