FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Amends Suitability, CAB Rules to Align With Reg BI
By Melanie WaddellThe changes clarify standards and inconsistencies with Reg BI, and are effective June 30.
June 15, 2020
FINRA Slams Ex-LPL Rep Who Shared CommissionsThe regulator says the former broker's violations were made after he agreed to buy the book of business of a terminated rep.
June 15, 2020
FINRA Enables Reporting of Reg BI-Related Customer ComplaintsStarting July 18, firms will be able to use two new "problem codes" to report customer complaint information.
June 12, 2020
FINRA Bars Ex-J.P. Morgan Rep for Taking Money From Clients' Bank AccountsThe former broker admitted to withdrawing $144,000 from 3 customers, two over 90 years old, for his personal use, FINRA says.
June 12, 2020
Advisor Group's SagePoint to Pay $1.6M Over UIT RolloversThe SagePoint news comes two weeks after Stifel agreed to pay $3.6 million for similar violations.
June 10, 2020
FINRA Bars Ex-Signator Rep Tied to Woodbridge Ponzi SchemeThe former broker allegedly engaged in more than $1.77 million worth of undisclosed and unapproved transactions.
June 09, 2020
FINRA Mulls Rules on Exam CheatingFINRA's recent exam sweep of firms that are not charging commissions for trades will also be discussed.