FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA to Mull Broker Compensation Disclosure Rule
By Melanie WaddellDecember Board meeting will consider several rule proposals and amendments, chief among them a proposal that would require broker-dealers to disclose compensation packages to customers.
November 13, 2012
FINRA keeping busy with enforcing annuity sales misdeedsThe Financial Industry Regulatory Authority has been actively enforcing all manner of annuity transaction misdeeds nationwide.
November 09, 2012
FINRA Enforcement Roundup: Hudson Valley CEO Barred Over Sneaky Day Trading, FraudMark Gillis, the CEO of New York-based Hudson Valley Capital Management, was barred and his company expelled from the securities industry for defrauding its clearing firm and customers.
November 05, 2012
Commonwealth to Roll Out More IA Options in Early ’13The independent broker-dealer believes more flexibility on affiliation will help it attract more breakaway brokers and give its advisors and prospects more options.
November 01, 2012
Hurricane Sandy Spurs FINRA, SEC ActionsFINRA and the SEC have issued warnings and bulletins to help both advisors and the public better cope.
October 25, 2012
SEC, FINRA Enforcement Roundup: Cantor Fitzgerald Hit by FINRAAmong recent SEC and FINRA actions were Cantor Fitzgerald being censured and fined and FINRA imposing a $14 million settlement on a Hong Kong-based firm charged with insider trading.
October 22, 2012
FINRA Suspends David Lerner, Forces $12M Payback on Apple REITsLerner, the CEO and president, misled customers, calling the Apple REITs a fabulous cash cow and a gold mine, FINRA says.
October 19, 2012
SEC, FINRA Enforcement Roundup: Former Billion-Dollar Hedge Fund Advisory Firm, Execs SlappedCitigroup, Merrill Lynch and Natixis were among those sanctioned by the SEC and FINRA this week.