FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Accuses Ex-Broker of Cheating on Securities Exam
By Dinah Wisenberg BrinJoshua E. Scholnick flunked the test, the regulator says.
August 25, 2025
U.S. Bancorp Unit Fined $500K, Censured Over Suspicious Activity ReportsThe firm incorrectly used the reporting threshold for banks rather than broker-dealers, FINRA reported.
August 15, 2025
Texting Still in Regulators' CrosshairsIf regulators find violative conduct related to off-channel communications, they will bring actions, Eversheds attorneys say.
August 13, 2025
Wells Fargo Hit With $275K FINRA FineWells Fargo Clearing failed to establish and maintain a supervisory system related to municipal advisory activity.
August 13, 2025
Rep Suspended for Execessive Trades in Senior Clients' Accounts, Violating Reg BIThe Spartan Capital rep made the trades in the accounts of two 66-year-old clients, leading to significant losses.
August 11, 2025
LPL Rep Sold Complex Product to 95 Year-Old Client, Violating Reg BIThe rep put the client in Government National Mortgage Association support class bonds, a mortgage-backed security.
August 06, 2025
Ex-Merrill Broker Faces Disciplinary Process Tied to Trading, Sales PracticesAli Chehab wouldn't provide documents, FINRA alleges, and told staff: "I do not care if I get barred."
August 01, 2025
Ex-Fidelity Advisor Charged With Fraud, Money LaunderingThe ex-Fidelity advisor took more than $2 million from a former client to travel, pay debts, DOJ says.