FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Wells Fargo to Pay $2M Over Variable Annuity Switches
By Jeff BermanThe firm failed to supervise reps' recommendations that customers switch from VAs to investment company products, FINRA claims.
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.
August 12, 2020
Broker Impersonated Clients and Supervisor 30 Times: FINRAThe ex-Northwestern Mutual rep was suspended and fined by the regulator for posing as others on phone calls.
August 11, 2020
Securities America's CEO Re-Elected to FINRA BoardJim Nagengast first joined the board in 2018, when he was elected by large firms via a special election.
August 07, 2020
FINRA Suspends Ex-Merrill Rep Who Hid Felony IndictmentThe former broker also was sanctioned by the regulator for alleged unauthorized trading in client accounts.