FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Former Broker Pleads Guilty to Filing False Tax Return
By Jeff BermanThe ex-broker filed individual income tax returns omitting installment payments related to the sale of his advisory firm.
January 09, 2023
Ex-Broker to Fork Up $3M Over Fintech FraudThe SEC says Paul Hess and other defendants tricked investors into buying unregistered interests in shell companies.
January 09, 2023
NASAA Plans 2023 Push for Bad Actors DatabaseState securities regulators want Congress to pass a bill requiring the creation of a fraudster database.
January 03, 2023
Former Fidelity Broker Wins $500K in Wrongful Termination CaseA FINRA panel also ruled that the ex-broker's Form U5 termination disclosures should be revised.
January 03, 2023
FINRA Files to Provide 'Greater Transparency' to Arbitrator Selection ProcessThe proposal follows a legal skirmish in which a decision favoring Wells Fargo was thrown out in court.
December 30, 2022
FINRA Fines, Suspends Ex-Securities America Rep Who Impersonated Dead ClientThe ex-broker pretended to be her deceased relative, a firm client, in a phone call, FINRA says.
December 29, 2022
FINRA Fines, Suspends Broker Who Hid Felony ChargesThe broker pleaded guilty to attempted vehicular assault and waited 10 months too long to report it, FINRA says.
December 28, 2022
Morgan Stanley to Pay $800K for Overcharging ClientsClients across over 2,000 accounts allegedly paid about $802,000 in excess sales charges and fees, according to FINRA.