FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Citi Ordered to Pay Ex-Broker $1.4M in Gender Discrimination Case
By Jeff BermanA FINRA arb panel ruled in favor of a former broker who sued Citigroup, claiming discrimination and retaliation.
June 02, 2022
Merrill to Pay Clients $15M for Share Class ViolationsFINRA ordered the firm to pay restitution and interest to thousands of customers related to Class C shares sold over a six-year period.
May 27, 2022
Morgan Stanley Must Pay Client $160K Over Broker's TradingThe wirehouse was found liable for failure to supervise the ex-rep, who must also pay $160,000.
May 26, 2022
UBS Must Pay Clients $1.4M Over YES Options StrategyA FINRA arbitration panel ruled against the wirehouse in another dispute over its Yield Enhancement Strategy.
May 25, 2022
Barred Broker Whose Probation Was Revoked Pleads Guilty to FraudThe former Raymond James broker faces up to 50 years in prison for defrauding his clients.
May 23, 2022
Insurance Advisors Market Advisors to CongressPriorities include sales standards, Secure 2.0 and access to independent contractor status.
May 20, 2022
Wells Fargo Ordered by Arb Panel to Pay Ex-Credit Suisse Rep Over $987KThe broker accused the wirehouse of "aiding and abetting Credit Suisse's scheme to steal" his deferred compensation.
May 20, 2022
FINRA Revives Plan to Create Expungement Arbitrator RosterThe regulator has approved amendments to a rule proposal it withdrew from the SEC last year.