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Finra publishes list of brokers, firms responsible for unpaid arbitration
Group hopes it will make information more transparent and accessible for investors.
Morgan Stanley pays $1 million to settle churning claims by ex-broker’s clients
New Hampshire regulators find former broker Justin Amaral traded excessively in three clients' accounts
Finra arbitrators award $1 million to client in churning case
Barred firm Legend Securities Inc. was 'Wild Wild West,' attorney asserts.
Finra bars another broker who sold $10.8 million of Woodbridge Ponzi
The broker, Frank Dietrich, earned $261,000 in commissions from the sales.
Finra suspends former UBS broker who traded excessively in elderly clients’ accounts
The broker, David Fagenson, racked up hundreds of thousands of dollars in commissions from the trades.
Finra fines H. Beck $400,000 for unsuitable sale of variable annuities
Finra said the firm failed to mandate and enforce its own written supervisory procedures, resulting in the unsuitable sale of L-share variable annuities tied to long-term riders.
Cetera broker-dealers latest to file legal claim against Ohio National
Six Cetera broker-dealers allege the insurer will be breaching its contractual obligations by withholding millions of dollars in trail commissions from their brokers.
Finra bars ex-LPL broker who controlled customer accounts
Cheryl Ann Stallings allegedly violated LPL's policy regarding fiduciary capacities.
Former Waddell & Reed broker barred for taking $130,000 from his elderly mother
Robert Lee Basile faces two years of probation after pleading guilty to theft from an elder and embezzlement.
Finra bars ex-Wells Fargo Advisors broker who just lost arbitration over loan
Terrence R. Puricelli was fired in 2016 over concerns of the accuracy of notes in the firm's system.
Commonwealth files Finra arbitration, lawsuit against Ohio National for 'unlawful’ VA scheme
This is the first known arbitration filed against the insurer for its decision on variable annuity commissions.
LPL providing credit monitoring, identity protection to investors exposed by data breach
The firm remains tight-lipped about how many investors were affected.
Ohio National offers buyouts, ends commission trails amid jumbled regulatory oversight of VAs
Jurisdiction is shared between the SEC, Finra and state insurance commissioners. Will any of them step in?
Finra bars another wirehouse broker involved in expense report snafu
The ex-Morgan Stanley broker in 2016 resigned when questioned about a $273 expense.
Finra finds Commonwealth Financial overcharged these investors
Broker-dealer returns to investors the nearly $900,000 it gained by placing clients in higher-cost funds.
Ex-Morgan Stanley broker sues firm for wrongful termination, smear campaign
Claims his income is going from $300,000 to $91,000 as a result of his tarnished reputation.
Finra arbitrators award $1 million to retirement investors in fraud involving Texas REIT
IMS Securities withdrew its Finra registration in 2017, and was expelled from the industry this year.
Credit Suisse hit again as Finra panel sides with second former broker on deferred compensation
The award follows a similar award last month when former Credit Suisse broker Brian Chilton was awarded $844,621 in deferred compensation.
Finra bars ex-Merrill Lynch broker for falsifying childcare expenses
The broker, Terrance Hood, was fired by Merrill last year for falsifying receipts for childcare expenses
How to tell good brokers from bad ones
Research shows false accusations of broker misconduct are disturbingly common, which suggests Finra needs to make a change.
