FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
NASAA Plans 2023 Push for Bad Actors Database
By Melanie WaddellState securities regulators want Congress to pass a bill requiring the creation of a fraudster database.
December 30, 2022
FINRA Fines, Suspends Ex-Securities America Rep Who Impersonated Dead ClientThe ex-broker pretended to be her deceased relative, a firm client, in a phone call, FINRA says.
December 29, 2022
FINRA Fines, Suspends Broker Who Hid Felony ChargesThe broker pleaded guilty to attempted vehicular assault and waited 10 months too long to report it, FINRA says.
December 28, 2022
Morgan Stanley to Pay $800K for Overcharging ClientsClients across over 2,000 accounts allegedly paid about $802,000 in excess sales charges and fees, according to FINRA.
December 27, 2022
Ex-Broker Gets 20 Years in Prison Over Ponzi, COVID-19 Fraud SchemesChristopher Parris took $7.4 million in advance payments for N95 masks he knew he couldn't deliver.
December 20, 2022
Ex-Merrill Advisor Who Threw Smoothie Catches FINRA's Eye Over Cash TransactionsFINRA says James Iannazzo structured cash transactions in his personal accounts to avoid federal reporting requirements.
December 16, 2022
11 Big Advisor Regs That Moved Forward in 2022The SEC, FINRA and DOL have proposed or finalized several rules this year.
December 14, 2022
Edward Jones Fined $1.1M Over Phone RecordsThe firm failed to produce complete and accurate records in connection with 10 investigations, FINRA alleged.