FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
FINRA Enforcement Roundup: Hudson Valley CEO Barred Over Sneaky Day Trading, Fraud
By Marlene Y. SatterMark Gillis, the CEO of New York-based Hudson Valley Capital Management, was barred and his company expelled from the securities industry for defrauding its clearing firm and customers.
October 25, 2012
SEC, FINRA Enforcement Roundup: Cantor Fitzgerald Hit by FINRAAmong recent SEC and FINRA actions were Cantor Fitzgerald being censured and fined and FINRA imposing a $14 million settlement on a Hong Kong-based firm charged with insider trading.
October 22, 2012
FINRA Suspends David Lerner, Forces $12M Payback on Apple REITsLerner, the CEO and president, misled customers, calling the Apple REITs a fabulous cash cow and a gold mine, FINRA says.
October 19, 2012
SEC, FINRA Enforcement Roundup: Former Billion-Dollar Hedge Fund Advisory Firm, Execs SlappedCitigroup, Merrill Lynch and Natixis were among those sanctioned by the SEC and FINRA this week.
October 12, 2012
Playing With Fire: CCOs and Lawyers Who Got Burned by RegulatorsAfter analyzing disciplinary actions taken by the SEC and FINRA against CCOs and in-house counsel from June 2011 through June 2012, Sutherland found a slew of violations.
October 11, 2012
SEC, FINRA Enforcement Roundup: Schwab's BrokersXpress Hit With Another FineFINRA and the SEC recently took action against a number of firms for everything from fraud to supervisory failure that in some cases cost the firms dearly.
October 08, 2012
SEC’s Gallagher Challenges Idea of FINRA as Advisor SROShould FINRA be seeking to branch out into entirely new fields of responsibility, such as regulating investment advisors? a commissioner asks.
September 21, 2012
FINRA Seeks to Require Members to Link to BrokerCheckFINRA is asking the SEC to approve amendments to BrokerCheck, including requiring firms to include a reference and a link to BrokerCheck on their websites.