FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Morgan Keegan to Pay $200 Million Over Bond Fund Allegations
By Marlene Y. SatterMorgan Keegan & Company will pay $200 million to settle allegations of exaggerated claims, failures in supervision and undisclosed investment risks, the Financial Industry Regulatory Authority announced Wednesday.
June 20, 2011
Three Lesson from FA’s $1.5 Mil FINRA Win Over MerrillFINRA ordered Bank of America-Merrill Lynch to pay one of its former financial advisors about $1.5 million in compensatory damages and change…
June 14, 2011
Brokers Beware: Clients and Prospects Can Easily Find Your Disciplinary Histories on the WebWill FINRA’s new web-accessible discipline database be a benefit or burden to your brokerage business?
June 02, 2011
SEC, FINRA Issue Warning About Structured Notes With Principal ProtectionThe SEC's Office of Investor Education and Advocacy and FINRA issued an alert on Thursday warning investors about the risks of structured notes with principal protection.
June 02, 2011
FINRA Fines Northern Trust, Credit Suisse, MerrillThe combined fines total $8.1 million and concern CMOs and subprime mortgage securitizations
May 24, 2011
FINRA's Ketchum: Disclosure a 'Key Ingredient' to Fiduciary Duty, but Not Sufficient AloneRichard Ketchum, chairman and CEO of FINRA, said on Tuesday that as the industry moves toward a unified fiduciary standard for brokers and advisors that while disclosure is a “key ingredient” that’s needed to address fiduciary issues, disclosure “alone is not sufficient.”
May 24, 2011
FINRA Fines Nuveen Investments $3 Million for Misleading MarketingFINRA has fined Nuveen Investments, the largest manager of closed-end funds, $3 million for creating misleading ARPS brochures in 2008.
May 24, 2011
Understanding FINRA’s New Rules on Trading Low-Priced EquitiesFINRA has issued guidance on price volatility regarding low-priced equity securities in customer margin and firm proprietary accounts.