FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
MassMutual BD Fined $250K, Ex-Broker Barred for Fraud
By Jeff BermanRegulators in Massachusetts say MLS Investment Services failed to supervise Charles Evan, who pressured clients into buying unsuitable insurance products.
August 10, 2022
Morgan Stanley Sued by Ex-Broker Over Arb AwardThe firm's former registered rep alleged he was wrongfully terminated and defamed by the wirehouse.
August 09, 2022
Wells Fargo Wins Appeal in FINRA Arb Case"Nothing indicates that Wells Fargo manipulated the arbitrator pool," the appeals court in Georgia ruled.
August 09, 2022
J.P. Morgan Fined Another $200K Over Broker's Unsuitable Trades in His Grandma's AccountThe firm didn't reasonably supervise an ex-broker who filled his grandmother's account with structured products, FINRA said.
August 08, 2022
FINRA Warns BDs of Spike in E-Signature ForgeriesThe regulator has received a growing number of reports about registered reps forging or falsifying client signatures.
August 05, 2022
Ex-Rep Booted Over Claims of Racism Sues LPL for $95MThe broker-dealer ended its affiliation with Eileen Cure after claims surfaced online that she had refused to hire Black job-seekers.
August 03, 2022
Ex-Advisor Sentenced to Almost 22 Years in Prison Over Fake-Annuity ScamThe former Allstate, LPL and Merrill Lynch broker was convicted of stealing over $9.3 million from clients.
August 01, 2022
Worker Classification for Independent Financial Professionals: Big Changes Ahead?The Labor Department plans to propose new rules on independent contractors that might affect advisors.