FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Former Compliance Chief to Pay $65K Over Broker's Leveraged ETF Trades
By Jeff BermanThe CCO "enabled" a broker's unauthorized trades that lost $1 million of client money, the SEC said.
September 02, 2020
SEC Charges Ex-LPL Rep With Stealing $300K From Retired ClientThe rep defrauded a 73-year-old client with whom he shared a bank account, the SEC says.
September 02, 2020
Wells Fargo to Pay $2M Over Variable Annuity SwitchesThe firm failed to supervise reps' recommendations that customers switch from VAs to investment company products, FINRA claims.
August 21, 2020
Ex-Raymond James Rep Suspended for Unauthorized TradingThe broker exercised discretion in a client's account without written authorization, FINRA says.
August 20, 2020
FINRA Warns of Fake Broker WebsitesThe sites use reps' names and other information and may appear to be their personal sites.
August 18, 2020
UBS Reps Suspended for Unauthorized TradingFINRA also suspends ex-Edward Jones rep, claiming he settled a client complaint without the knowledge or approval of the firm.
August 17, 2020
Ex-JPMorgan Rep Barred for Refusing to Cooperate in FINRA ProbeFINRA also barred a rep that it claimed converted $275,000 of a relative's money for his own use and then lied about it.
August 17, 2020
Brokers Beware: FINRA Warns Member Firms of Impostor SiteA fake FINRA website has an extra "n" in its domain name and asks for advisor info, the regulator says.