FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Broker Violated Reg BI With Mutual Fund Switches: FINRA
By Melanie WaddellThe Class A share switches in two older clients' accounts led to nearly $41,000 in excessive fees, FINRA 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.
June 28, 2024
FINRA Goes Quiet as Its Caseload PlungesTotal fines are down by half since 2016, raising the question: Will the watchdog catch the industry's next big fraud?
June 28, 2024
Ex-New York Life Rep Falsified Applications: FINRAShe paid premiums for customers and collected commissions, FINRA says.
June 26, 2024
LPL Rep Suspended for Trading in Deceased Client's AccountThe advisor falsely stated that he spoke with the client about the trade before their death, FINRA said.