FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Barclays to Pay Nearly $1.3M Over Fingerprint Failures
By Melanie WaddellBarclays did not fingerprint any of its non-registered associated persons based in foreign locations, FINRA said.
August 16, 2024
American Portfolios Agrees to $225K FINRA FineThe firm failed to flag a client's deposit and liquidation of 330,000 shares on one day, for instance.
August 06, 2024
BD Fined for WSPs With No Mention of Reg BIJVM Securities' written procedures discussed Reg BI but were not tailored to its business, FINRA said.
August 01, 2024
Dropbox Co-Founder Claims JPMorgan Advisor Cost Him Over $225MArash Ferdowsi alleges that he was steered to unsuitable investments rather than index funds.
August 01, 2024
BD to Pay $1.5M Over Excessive Trading by Reps: FINRAWestern International Securities allowed excessive trading by four representatives that resulted in $2.5 million in trading costs.
July 31, 2024
Pershing Hit With $1.4M Fine Over Bad Interest Rate DataOne million account statements and trade confirmations had inaccurate interest rate information for some securities, FINRA said.
July 26, 2024
Morgan Stanley Rep Fined for Making Unauthorized Trades, Texting ClientThe firm has agreed to pay more than $15 million in arbitration cases tied to the rep's conduct.
July 25, 2024
What the BD Industry Looks Like Now, in 5 ChartsFINRA's annual snapshot shows that the number of firms continue to decrease as the number of reps increases.