FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Advisor Group's SagePoint to Pay $1.6M Over UIT Rollovers
By Jeff BermanThe SagePoint news comes two weeks after Stifel agreed to pay $3.6 million for similar violations.
June 05, 2020
Ex-Cetera Rep's Suspension Is Reminder: Brokers Work for Clients, Not In-LawsFINRA suspends and fines a former broker who moved money based on instructions from a client's son-in-law.
June 04, 2020
Merrill Repaid $7M to Fund Investors for OverchargesThe firm failed to ensure that clients received sales charge and fee waivers they were entitled to, FINRA says.
June 03, 2020
Ex-LPL Rep Suspended Over Unapproved Email AccountsThe former broker said he didn't use the unapproved system to communicate with LPL clients.
May 28, 2020
Stifel to Pay $3.6M Over UIT RolloversThe Stifel news comes five months after Oppenheimer said it would pay $4.7 million for similar issues.
May 28, 2020
FINRA Suspends Ex-Ameriprise Rep for Selling Shares in Friend's Firm to ClientsFormer broker invested about $550,000 of clients' money in his friend's energy firm, regulator says.
May 27, 2020
FINRA Suspends Ex-Wells Fargo Rep Who Borrowed $16K From ClientThe broker then falsely claimed he did not engage in any such arrangement, the regulator says.