FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Floats Limit on Brokers as Beneficiaries
By Melanie WaddellUnder the proposed rule, such arrangements would have to be approved by the firm, said FINRA's Cook.
October 25, 2019
FINRA Says BDs Must Continue Yearly Compliance MeetingsAfter a retrospective review, the compliance meeting will remain intact.
October 25, 2019
FINRA Slaps RBC With $2.9M FineOver eight years, the firm failed to ensure that investors in ETFs, ETNs and mutual funds received prospectuses.
October 25, 2019
BNP Paribas Hit With $15M FINRA Fine for AML FailuresBNP's AML program did not include any surveillance targeting potential suspicious transactions involving penny stocks, FINRA says.
October 24, 2019
FINRA Suspends a Top Advisor for Cheating on CE CourseworkBruce K. Lee, formerly with Merrill and now with an RIA, had staffers complete his CE training for nearly four years.
October 21, 2019
FINRA Bars 2 Advisors for Excess Trading in Billionaire Roy Speer's AccountsForte Group made more than 2,800 trades in Speer's accounts in less than a year, FINRA says.
October 21, 2019
FINRA Won't Nix Suitability Rule in Light of Reg BIFINRA plans to submit to its board shortly a rule proposal on sales contests and FINRA's suitability rule "to conform them to Reg BI," its legal chief says.
October 08, 2019
FINRA Updates Reg BI Webpage With Compliance ChecklistThe checklist outlines major requirements and notes differences between FINRA and rules and SEC's Reg BI and Form CRS.