FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Bars Ex-Edward Jones Rep Who Bought Gold on Behalf of Client
By Jeff BermanFINRA also suspended another ex-rep of the firm who was terminated over alleged excessive, unreasonable business expenses.
April 07, 2022
FINRA Bars Ex-Cetera Rep Who Used Client Money to Buy Her Son Mutual FundsCetera terminated the former broker after investigating her for allegedly converting over $40,000 from three older clients.
March 28, 2022
UBS Must Pay Clients $1.2MSome other disputes over its yield options strategy, though, were decided in its favor over the past few years.
March 28, 2022
Ex-Broker Sentenced to Over 4 Years in Prison for Elder FraudThe ex-rep, who worked for Morgan Stanley before the fraud took place, also must pay over $968,000 to the victims.
March 23, 2022
BD to Pay Over $400K for Failing to Supervise RepsFINRA has sanctioned an independent broker-dealer over sales of risky alternative mutual fund to clients.
March 17, 2022
FINRA on Supervision: Not a Boss, Not Your Problem (Even If You're a CCO)CCOs are not automatically supervisors and subject to enforcement action, the regulator says.
March 17, 2022
Rep Fired From Merrill After Smoothie Incident Has a New GigJames Iannazzo is now a registered rep at Aegis Capital, according to FINRA's BrokerCheck.
March 16, 2022
Ex-LPL, Wells Rep Stole $500K, Gambled With Client Money, Prosecutor SaysIf convicted of stealing over $500,000 from clients, the barred broker faces a maximum of 65 years in prison.