FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Ex-Cetera Rep's Suspension Is Reminder: Brokers Work for Clients, Not In-Laws
By Jeff BermanFINRA suspends and fines a former broker who moved money based on instructions from a client's son-in-law.
May 28, 2020
Stifel to Pay $3.6M Over UIT RolloversThe Stifel news comes five months after Oppenheimer said it would pay $4.7 million for similar issues.
May 28, 2020
FINRA Suspends Ex-Ameriprise Rep for Selling Shares in Friend's Firm to ClientsFormer broker invested about $550,000 of clients' money in his friend's energy firm, regulator says.
May 27, 2020
FINRA Suspends Ex-Wells Fargo Rep Who Borrowed $16K From ClientThe broker then falsely claimed he did not engage in any such arrangement, the regulator says.
May 27, 2020
Regulatory Groups Gear Up Remote Exam RequirementsFINRA reduces mediation fees and enhances action against new wave of scams.
May 26, 2020
FINRA Suspends Ex-Morgan Stanley Rep Who Botched Account TransferThe broker transferred $1 million without proper authorization, FINRA said.
May 21, 2020
FINRA Bars Ex-Wells Fargo Rep Fired for 'Unprofessional Conduct'Broker then refused to appear for on-the-record testimony, regulator says.
May 21, 2020
FINRA Suspends Ex-Merrill Rep Over Pro Video Game TeamThe advisor "realizes he made a mistake" and "appreciates FINRA's fairness," his lawyer says.