FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Morgan Stanley to Pay Over $950K in Restitution, Fines
By Jeff BermanA now ex-advisor "on hundreds of occasions" recommended clients buy and then quickly sell corporate bonds or preferred securities, says FINRA.
August 07, 2020
FINRA Suspends Ex-Merrill Rep Who Hid Felony IndictmentThe former broker also was sanctioned by the regulator for alleged unauthorized trading in client accounts.
August 06, 2020
Ex-LPL Rep Suspended for Falsifying FormsFormer broker electronically signed a colleague's name repeatedly instead of his own, FINRA claims.
August 05, 2020
FINRA: Cetera Rep 'Willfully Failed' to Disclose Tax LiensThe firm's broker didn't amend his Form U4 to disclose several liens, then made false claims to cover them up, FINRA says.
August 04, 2020
FINRA Bars Ex-Hilliard Lyons Rep With Multiple Customer ComplaintsThe former broker refused to cooperate with an inquiry into his behavior, FINRA says.
July 31, 2020
FINRA Issues FAQ on Virtual Business EntertainmentFor example, is it OK to provide food to clients to be eaten at a virtual gathering?
July 24, 2020
Analyst Busted With Exam Cheat Sheets in His Shorts: FINRAAnd he still failed his Series 79 exam, the regulator said.
July 23, 2020
Why Brokers Must Testify — Or ElseFailing to cooperate with an inquiry is the most common reason brokers get barred, according to a FINRA enforcement exec.