FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Osaic to Pay $3M Over Mutual Fund Switches at Securities America
By Melanie WaddellThe BD failed to supervise Class A fund switches, leaving customers with $2 million in fees, FINRA said.
November 25, 2025
Ex-Wells Fargo Rep Violated Reg BI With Options: FINRAJames Eugene Holmes also traded in at least five customers’ accounts without prior authorization, the regulator states.
November 19, 2025
Ex-LPL Rep Suspended, Fined Over Trades in Deceased Client's Daughters' AccountsThe rep placed unauthorized trades once the accounts were funded with the proceeds from their father's estate, FINRA says.
November 19, 2025
Barred Advisor Gets 3-Year Sentence for Bilking Friends, Relatives Out of $3MRobert C. Starnes, who took more than a dozen people's retirement savings, also must pay restitution.
November 17, 2025
Ex-Fidelity Rep Suspended, Fined Over Outside Business ActivityThe rep made $13,000 selling an automated trading algorithm, FINRA said.
November 17, 2025
RIAs Charged With Inflating AUM and Misrepresenting LocationsThe firms claimed that a separate RIA reported information about their private funds on its own Form ADV.
November 14, 2025
Ex-Raymond James, Morgan Stanley Rep in Hot Water Over LoansSuspended rep Kirk Crossen faces additional disciplinary action for borrowing $400,000 from an elderly client, FINRA says.
November 12, 2025
FINRA Bars Ex-Spartan Capital RepRonald Smith failed to provide all requested information, including electronic communications, concerning excessive trades, FINRA said.