FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
E-Trade to Pay $350K Over Weak Trading Oversight
By Jeff BermanE-Trade "failed to establish and maintain a supervisory system" to detect "potentially manipulative trading" by its clients, according to FINRA.
January 06, 2022
FINRA Panel Slams Credit Suisse for Failing to Pay Deferred Comp to Ex-BrokersThe firm must pay $5.2 million in damages plus hefty interest payments.
December 29, 2021
FINRA Fines, Suspends Ex-Morgan Stanley Rep for Allegedly Hogging CommissionsThe rep was one of several brokers fired by the wirehouse over alleged abuses in its Former Advisor Program.
December 29, 2021
FINRA Keeps Its Business Continuity Rule IntactThe rule "has been effective at ensuring member firm preparedness for a wide range of potential business disruptions," says FINRA.
December 28, 2021
Ex-Waddell & Reed, NYLife Reps Sanctioned for Alleged ForgeryFINRA bars the former New York Life registered representative, while fining and suspending the ex-Waddell & Reed rep.
December 28, 2021
What's Next for Build Back Better, Form CRS and the New Fiduciary Rule?Greg Valliere, Ron Rhoades and Fred Reish weigh in on what lies ahead for new laws and rules coming out of Washington in 2022.
December 22, 2021
FINRA Fines Merrill $950K for Failing to Red-Flag Reps Stealing From ClientsTwo of the firm's reps stole over $6 million from 13 clients in separate schemes that ran for several years, according to FINRA.
December 21, 2021
FINRA Orders Advisor Group, LPL, MML, UBS, Wells Fargo to Pay $9.5M Over 529 PlansFINRA has been encouraging firms to self-report problems with 529 plan share class recommendations.