FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
March 10, 2022
Sen. Warren Presses FINRA's Cook on Wells Fargo Arb RulingWarren and Rep. Katie Porter, D-Calif., say Cook failed to answer earlier questions about FINRA's handling of the case.
March 09, 2022
FINRA Warns BDs of Reg BI Obligations on Complex ProductsFINRA is seeking feedback from BDs on how they're handling complex products as it weighs changes to the rules.
March 07, 2022
Ex-LPL Rep Who Put Clients' Funds in Tequila Company Takes Shots From FINRAThe former LPL and Royal Alliance broker has been suspended for seven months and fined $5,000.
March 02, 2022
FINRA Releases FAQ on Senior Exploitation RulesThe FAQ clarifies new rules that expand BDs' power to protect clients they think are targets of financial abuse.
March 01, 2022
FINRA Alerts Broker-Dealers to Russia SanctionsFINRA issued two alerts urging BDs to review sanctions against financial institutions as well as debt and equity offerings.
February 25, 2022
Wells Fargo Appeals FINRA Arb Ruling Struck Down in CourtWells Fargo is appealing a Georgia judge's ruling that Wells Fargo and its counsel manipulated FINRA's arbitrator selection process.
February 24, 2022
Ex-Broker Gets 2 Years in Prison for Social Security Fraud, Stealing From ChurchThe former advisor was convicted of stealing more than $370,000 in disability benefits and $20,000 from a church.
February 23, 2022
FINRA Warns of Sixfold Increase in Romance ScamsThe largest reported losses to these scams in 2021 were paid in cryptocurrency, according to the Federal Trade Commission.
February 18, 2022
FINRA Orders Review of Wells Fargo Arb Ruling That Was Struck Down in CourtA judge ruled that Wells Fargo had manipulated the arbitrator selection process.
February 16, 2022
Ex-Broker Gets 7 Years in Prison Over $2.4M Scam Targeting Older ClientsThe ex-broker told investors they were funding a shopping app but spent their money on gambling, jewelry and other items, prosecutors said.