FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Alerts BDs to Email Phishing Scams
By Melanie WaddellOne phishing campaign is ongoing and another new.
April 19, 2022
Ex-Morgan Stanley Rep Ran Multimillion-Dollar Ponzi Scheme, SEC SaysThe ex-broker allegedly blew over $800,000 of clients' funds on luxury cars and his credit card payments.
April 15, 2022
Barred Broker's Probation Revoked After Unauthorized Caribbean TripThe former Raymond James and Alliance Global Partners rep had been charged with defrauding at least 100 clients.
April 14, 2022
FINRA Bars Ex-Edward Jones Rep Who Bought Gold on Behalf of ClientFINRA also suspended another ex-rep of the firm who was terminated over alleged excessive, unreasonable business expenses.
April 14, 2022
FINRA Releases FAQ on Restricted Firm RuleThe first "early indicator calculations" of firms that qualify as restricted will be available in early June, FINRA said.
April 13, 2022
Ex-Morgan Stanley Rep Inflated Clients' Net Worth, FINRA SaysThe rep circumvented limits on non-investment grade bonds, leading to his firing and suspension, according to FINRA.
April 07, 2022
FINRA Bars Ex-Cetera Rep Who Used Client Money to Buy Her Son Mutual FundsCetera terminated the former broker after investigating her for allegedly converting over $40,000 from three older clients.
March 28, 2022
UBS Must Pay Clients $1.2MSome other disputes over its yield options strategy, though, were decided in its favor over the past few years.