FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Finra to probe broker conflicts when exchanges offer rebates
By Dave Michaels, BloombergThe SEC has been looking into rebates and other incentives that influence where brokers send client orders.
December 22, 2014
FINRA Bars Ex-Broker for Stealing From Elderly CustomerEx-Wells Fargo broker Jeffrey McClure was permanently barred from the industry for using nearly $89,000 in an elderly client's blank checks for his own expenses.
December 16, 2014
FINRA Penalizes Merrill $2.4M Over Pricing of GM NotesThe fine and restitution are tied to markdowns of more than 10% paid to several hundred clients over two years.
December 15, 2014
Investors Say No to FINRA’s CARDS Plan"Data from this survey reveals that investors have serious concerns about the CARDS proposal and the risks such a system could pose to their privacy," says SIFMA CEO Bentsen.
December 11, 2014
Fines R Us: FINRA Hits 10 Banks for $43M Over Toys R Us IPOThe firms, including Citigroup, Credit Suisse and Goldman, offered favorable research to win investment banking business.
December 09, 2014
BDs’ Comments Lead FINRA to Update Communication, Gift RulesBDs request further guidance, updates on the two rules; FINRA's retrospective review process is ongoing.
December 02, 2014
FINRA Responds to SIFMA's Latest Critiques of Proposed Data SystemIndustry trade groups raise fresh concerns with latest plan to collect broker-dealer account data through Comprehensive Automated Risk Data System.
November 26, 2014
Merrill Grabs 6 Reps From Morgan Stanley, OthersThe recruited reps have about $710 million in assets and $5 million in production.