Displaying 1932 results
PIABA: Finra proposal to ease oversight of brokers’ outside activities would spur selling away
Arbitration lawyers assert changes would create regulatory 'black hole.'
Finra CEO Robert Cook cautions industry not to take comfort in sharp drop in fines last year
A recent third-party report showed Finra fines up in the first half of 2018, but the regulator declined to project this year's numbers, saying only that penalties fluctuate.
Finra will consolidate examination, risk-monitoring programs
Goal is to 'create a single point of accountability for the examinations of firms'
What’s at stake with a branch audit?
Your statements to an auditor could come back to haunt you should the issue escalate.
Finra fines up, but restitutions plummet in first half of 2018
Only $4.9 million in restitutions were ordered during the first half of 2018, down sharply from the $38.1 million ordered in the same period in 2017.
SEC charges Wells Fargo adviser with defrauding clients out of $1 million
SEC complaint: John Gregory Schmidt sold securities from seven of his clients to cover shortfalls in 10 other accounts.
Finra educates examiners on broker business models to improve oversight
New regulatory executive Bari Havlik says firms doing things the 'right way' should see a 'lighter touch' on exams.
SEC advice rule contains a huge hole
Jay Clayton aims to clear up investor confusion by drawing a distinction between brokers and advisers in the agency's proposed package of revised standards. But where do dual registrants fit?
Former Ameriprise broker accused of unethical conduct barred by Finra
Jeffery Joseph Kelly was sanctioned for not providing documents to Finra during its investigation.
House committee approves bill to ease audit requirements for small broker-dealers
Rep. Maxine Waters, the top panel Democrat, opposes relaxing oversight.
Finra suspends former Merrill Lynch broker for impersonating client
Luke A. Eddy was suspended for three months and fined $5,000
Cadaret Grant punished for failure to supervise brokers selling complex products
Disgorgement and penalties in SEC case total $938,194; Finra imposes $800,000 fine.
Finra makes its first cryptocurrency bust
Former broker charged with securities fraud and unlawful distribution of HempCoin.
Finra fines Citigroup $100,000 for overcharging clients
Investors placed in the wrong mutual fund share classes were overcharged by more than $260,000.
Former HDVest brokers barred for not cooperating in Woodbridge investigation
Last year, the SEC charged the Woodbridge Group of Companies with running a $1.2 billion Ponzi scheme that targeted 8,400 investors.
Finra bars ex-Wells Fargo broker with 41 years in the securities industry
Edward O. Daniel was barred after declining to participate in Finra investigation into a customer dispute that was settled for $225,000.
Finra fines Securities America $175,000 for failure to supervise variable annuity sales
The regulator said the lack of supervision raised concerns that investors were sold more expensive share classes that weren't suitable for them.
Finra bars ex-JP Morgan broker being investigated for failing to report liens and judgments
The Ohio-based broker stopped cooperating with regulator's investigation.
Ex-Wells Fargo broker suspended for coaching client to lie about excessive commissions
Broker accepts eight-month suspension and $10,000 fine after he prepared a 'script' with false information for 72-year-old woman.
Finra bars two brokers, including one with nearly 40 years in the industry
Both Stephen T. Hurtuk and Juergen Weber were barred after failing to particpate in Finra investigations into alleged wrongdoing.
