FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Ex-Advisor Sues LPL, Citizens Bank & Trust Over Botched Transition
By Dinah Wisenberg BrinNathan Adams was punished for pursuing a job with LPL, which botched a background check, the complaint alleges.
September 13, 2024
Wells Fargo Clearing to Pay $3M Over Reps' Unsuitable TradesThe firm failed to supervise short-term trading of income-generating securities, FINRA says.
September 12, 2024
SEC Charges Pastor-Turned-Advisor With $2.4M FraudThe former advisor sold phony promissory notes to Christian clients, the SEC alleges.
September 12, 2024
Lawsuit: Schwab Let Scammers Drain Life Savings of 91-Year-Old CustomerSchwab ignored red flags and its own elder financial abuse guidance, the federal lawsuit alleges.
September 11, 2024
Ex-LPL Rep Forged Client Signatures: FINRAThe broker falsely attested that he had not signed another person's signature on a document, FINRA says.
September 03, 2024
Raymond James to Pay Nearly $2M for Failure to Report Complaints, Mutual Fund TransactionsThe firm failed to timely disclose about 450 client complaints, according to FINRA.
August 30, 2024
Merrill Fined $3M Over 'Deficient' Trade SurveillanceMerrill relied on third-party automated systems that were insufficient to monitor for manipulative trades, FINRA says.
August 30, 2024
Sen. Warren Presses FINRA to Explain Enforcement DeclineThe number of enforcement actions last year was the lowest in the regulator's history.