FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Ex-Rep, in Prison, Ordered to Pay Wells Fargo $3M
By Jeff BermanIn 2019, the former broker was sentenced to five years for operating a Ponzi scheme.
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.
December 20, 2020
Advisor Suspended for Trades Requested by Client's MomNow ex-Cetera rep made transactions of $20,000-plus in client's IRA based on instructions from customer's mother, FINRA alleged.
December 18, 2020
Cetera Hit With $1M Fine Tied to Dually Registered RepsFINRA says supervisory systems and processes were lacking for the reps, who managed over $80 billion in client assets.
December 10, 2020
FINRA Seeks SEC OK for New CE RequirementsFINRA also wants approval for a new plan allowing individuals to challenge "statutory disqualification."
December 03, 2020
FINRA Suspends Ex-Morgan Stanley Rep Who Took Client Info to New FirmThe rep was suspended for 10 days and fined $5,000 for alleged actions when leaving to join Raymond James.
November 26, 2020
10 Classy Holiday Gifts for Clients Under $100There are plenty of fun ways to both delight clients and comply with regulatory rules on gift giving.
November 24, 2020
Appeals Court Disregards FINRA Rule in CCO CaseDecision raises questions about how FINRA will charge firms and compliance officers for "should have known" violations, Eversheds' attorneys say.