FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Floats Rule Changes on Gifts, Noncash Comp
By Melanie WaddellThe proposed changes "make sense" as some of the current rules, especially on business entertainment, are "too subjective," Cipperman Compliance Services says.
August 05, 2016
FINRA Sweeps Broker-Dealers for Info on Nontraded BDCsThe exam sweep covers all member firms and advisors selling the companies between January 2015 and June 2016.
August 05, 2016
Ex-Wells Fargo Rep Must Pay Firm $1.2MFINRA says advisor Robert Loftus must cover promissory notes, interest and legal costs.
August 05, 2016
5 Common Boiler Room Scams to AvoidFINRA has received numerous complaints, particularly from seniors, of high-pressure phone sales calls urging them to buy speculative investments.
August 05, 2016
FINRA Enforcement: Barclays Fined $1.3 Million on OATS FailuresMeanwhile, BD Purshe Kaplan Sterling was fined for failing to supervise reps' outside business activities.
August 02, 2016
Securities America to Pay $1.5M for Fund OverchargesThe broker-dealer "disadvantaged" 1,514 clients who were eligible to buy share classes without extra charges, FINRA says.
August 01, 2016
FINRA Accuses Rep of Fleecing Blind, Elderly WidowHank Mark Werner, who is accused of excessive and unsuitable trading, made more than $243,000 in commissions on the account, FINRA said.
July 29, 2016
FINRA Reminds BDs of Arbitration Rights for Clients, RepsThe self-regulator puts firms on notice that customers and reps can't be forced to waive their FINRA arbitration rights.