FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Morgan Stanley Rep Fined for Making Unauthorized Trades, Texting Client
By Melanie WaddellThe firm has agreed to pay more than $15 million in arbitration cases tied to the rep's conduct.
July 23, 2024
Wells Fargo Profiled Customers, Fired Banker AllegesThe bank retaliated, Thomas Davis claims, after he reported that managers wanted prospects assessed by race and appearance.
July 22, 2024
FINRA Fines Firm for Reg BI FailuresJeffrey Matthews Group had inadequate written procedures and training for reps, FINRA said.
July 18, 2024
Morgan Stanley Rep Violated Reg BI With ETF Sales: FINRAThe rep purchased products with sales charges that clients wouldn't have had to pay in advisory accounts, FINRA says.
July 17, 2024
FINRA Reminds BDs of Their Duties When Using AIA FINRA notice reminds BDs that its rules are intended to be technology-neutral.
July 16, 2024
Ex-Broker Charged With Bank Robbery Released on BondScott Tunis admitted to robbing a bank with a fake bomb after his 2022 arrest, records show.
July 10, 2024
Broker Violated Reg BI With Mutual Fund Switches: FINRAThe Class A share switches in two older clients' accounts led to nearly $41,000 in excessive fees, FINRA says.
July 09, 2024
UBS to Pay $850K Fine Over Rep's Unapproved Third-Party SalesA UBS rep sold clients a "fixed annuity" offered by an entity formed by his friend, FINRA said.