FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
DOJ, SEC Charge Ex-Advisor With Bilking 3 Older Clients
By Jeff BermanThe ex-broker used the money to pay for luxury cars, vacations, private school tuition and a gold necklace, according to the authorities.
September 27, 2021
FINRA Dings Ex-UBS Rep for Failing to Repay Promissory NotesThe wirehouse had alleged its former advisor failed to repay more than $540,000 when he resigned.
September 27, 2021
Barred Broker With 37 Client Complaints Hit With SEC Fraud ChargesMichael Shillin is accused of deceiving more than 100 clients on matters including insurance, pre-IPO shares, taxes and retirement accounts.
September 24, 2021
Ex-Broker Gets 35 Years in Prison for $25M Scam Targeting SeniorsThe ex-rep and his co-conspirators sold speculative securities and pocketed much of the proceeds, prosecutors said.
September 23, 2021
Why Some Consumers Are More Vulnerable to Financial ScamsThose more likely to lose money believed that authority should not be challenged, and financial opportunities have clear winners and losers, a study found.
September 20, 2021
FINRA Fines Ex-Merrill Rep Who Hid Felony Drug ChargesThe broker was charged with possessing more than 10 pounds of marijuana and lied about it on two U4 forms, FINRA says.
September 17, 2021
FINRA Sweeps BDs on Use of Social Media Influencers, Referral ProgramsThe sweep focuses on practices related to customer acquisition through channels like TikTok, Facebook and Reddit.
September 15, 2021
FINRA Files to Extend Remote Branch-Office InspectionsThe proposed rule change would include 2022 inspection obligations through June 30.