FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Morgan Stanley Rep Violated Reg BI With ETF Sales: FINRA
By Melanie WaddellThe rep purchased products with sales charges that clients wouldn't have had to pay in advisory accounts, FINRA says.
July 10, 2024
Broker Violated Reg BI With Mutual Fund Switches: FINRAThe Class A share switches in two older clients' accounts led to nearly $41,000 in excessive fees, FINRA says.
July 09, 2024
UBS to Pay $850K Fine Over Rep's Unapproved Third-Party SalesA UBS rep sold clients a "fixed annuity" offered by an entity formed by his friend, FINRA said.
July 08, 2024
Fidelity Hits Back at Fired Advisor's Reg BI LawsuitThe advisor was terminated for "deceptive misconduct," not for reporting rule violations tied to sales pressure, Fidelity says.
July 05, 2024
Merrill Violated Reg BI With $1.5M in Avoidable Fees: FINRAMerrill's failure to stop its reps from dodging fee waivers affected 1,361 clients, according to FINRA.
July 03, 2024
FINRA Fines, Suspends Rep for Sharing CFP Board Exam ContentAfter passing the CFP Board exam, the rep disclosed exam content to others, FINRA says.
July 02, 2024
Advisor Suspended Over Retiree's Ex-Wife Draining IRABMO Harris "warned specifically against accepting orders from an account owner's spouse," FINRA says.
July 02, 2024
RBC to Pay $75K for Excessive Sales ChargesRBC failed to provide mutual fund sales charge waivers and fee rebates, FINRA said.