FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Fines Wells Fargo Over Rep Who Churned in Elderly Client's Accounts
By Jeff BermanWells Fargo didn't respond appropriately to red flags on the 88-year-old's account, FINRA says.
January 27, 2020
FINRA Fines Another Ex-First Standard RepThe ex-broker "engaged in quantitatively unsuitable" trading in an elderly client's account, the regulator says.
January 24, 2020
FINRA Sanctions 3 Reps Accused of Falsifying DocumentsOne broker allegedly falsified signatures of clients, another faked his estranged wife's signature.
January 24, 2020
Ron Carson Wins Expungement of $20K Client ComplaintThe client complained about mutual fund charges; the arbitrator agreed with Carson's lawyer that she had no case.
January 23, 2020
FINRA Bans Supervisor of Barred BD From SupervisingThe BD's reps "traded clients' accounts like sharks in a feeding frenzy," a New Jersey regulator said.
January 22, 2020
FINRA Sends Ex-LPL Rep Back to SchoolThe broker must complete 20 hours of continuing education after violating private securities transaction rules.
January 22, 2020
FINRA Bars Ex-Merrill Rep Who Refused to TestifyRegulator was investigating broker over alleged misuse of client funds.
January 22, 2020
Ex-MLB Player Wins $2M Payout From Merrill in Bond DisputeFormer outfielder Angel Pagán said his rep put his money in unsuitable Puerto Rico muni bonds and closed-end bond funds.