FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Ex-Broker Sentenced to Over 4 Years in Prison for Elder Fraud
By Jeff BermanThe ex-rep, who worked for Morgan Stanley before the fraud took place, also must pay over $968,000 to the victims.
March 17, 2022
Rep Fired From Merrill After Smoothie Incident Has a New GigJames Iannazzo is now a registered rep at Aegis Capital, according to FINRA's BrokerCheck.
March 16, 2022
Ex-LPL, Wells Rep Stole $500K, Gambled With Client Money, Prosecutor SaysIf convicted of stealing over $500,000 from clients, the barred broker faces a maximum of 65 years in prison.
March 16, 2022
FINRA Plans New Rule to Accelerate Arb Cases for Those Who Are Ill, Over 75A new rule to the Codes of Arbitration Procedure would allow any party to request accelerated processing of an arbitration proceeding under certain criteria.
March 11, 2022
FINRA's Top 5 Fine Categories in 2021Fines in 2021 saw a "dramatic bump," driven by a record-setting fine.
March 10, 2022
Sen. Warren Presses FINRA's Cook on Wells Fargo Arb RulingWarren and Rep. Katie Porter, D-Calif., say Cook failed to answer earlier questions about FINRA's handling of the case.
March 09, 2022
FINRA Warns BDs of Reg BI Obligations on Complex ProductsFINRA is seeking feedback from BDs on how they're handling complex products as it weighs changes to the rules.
March 07, 2022
Ex-LPL Rep Who Put Clients' Funds in Tequila Company Takes Shots From FINRAThe former LPL and Royal Alliance broker has been suspended for seven months and fined $5,000.