FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA to Split Series 7 Exam; Readies Elder Fraud Rule
By Melanie WaddellThe exam will have two levels, basic and specialized. Also, FINRA wants to let brokers keep their licenses longer if they leave the business.
May 13, 2016
Enforcement: Father, Son Paid for Fraud Defense by Bilking Native Americans: SECIn another action, FINRA censured and fined Securities America over note sales without due diligence.
May 11, 2016
Senators raise concerns about advisor oversightFINRA says advisors who are dismissed from their jobs over misconduct allegations easily find fresh employment, and are likely to be repeat offenders.
May 11, 2016
Sen. Warren Tells FINRA Chief to Rein in Broker MisconductSen. Elizabeth Warren wants to know how FINRA is responding to a study finding 1 in 13 advisors have black marks on their BrokerCheck records.
May 03, 2016
MetLife faces record FINRA fine for misleading annuity customersThe insurer agreed to pay $25 million, the largest variable annuity penalty set by the Financial Industry Regulatory Authority.
May 03, 2016
MetLife fined millions for annuity salesFINRA has fined MetLife Securities, Inc. $25 million for wrongdoing related to some replacement variable annuity sales.
May 03, 2016
MetLife Securities to Pay $25M to FINRA Over ‘Negligent’ VA ReplacementsMetLife's misstatements led customers to replace their annuities with products that were more expensive or had fewer features, FINRA says.
May 02, 2016
MetLife faces record FINRA fine for misleading annuity customersThe insurer agreed to pay $25 million, the largest variable annuity penalty set by the Financial Industry Regulatory Authority.