Displaying 1932 results
Former Royal Alliance broker arrested, charged with fraud
Veteran broker Gary Basralian is charged with stealing millions, 'preying on elderly women'
Clayton: SEC left ‘fiduciary’ out of new advice rule to avoid investor confusion
Top regulator says the relationship model is different with a broker or investment adviser, but both must put clients' interests ahead of their own.
Former Barclays wealth management executive wins $2.7 million arb award from former firm
Thomas W. Lee claimed Barclays shortchanged him after he guided sale of advisory unit to Stifel Financial Corp.
SEC official addresses criticism of best-interest standard for brokers
Director Brett Redfearn clarifies how the SEC defines 'best interest' and how it will determine whether a broker is in compliance.
Former Merrill broker suspended for check-kiting, fined $5,000
Fuad Habba deposited checks drawn on closed accounts.
David Lerner compliance officer loses ‘nonsensical’ and ‘specious’ appeal over reporting tax liens
Allan Holeman failed to disclose three IRS liens totaling $157,000.
Arbitration over employment agreement nets adviser $267,000
Finra says broker Francis Mitchell and Coastal Equities owe each other money.
Finra anticipates oversight role for SEC advice rule
CEO Robert Cook says one area for examination could be the proposed requirement that brokers act in the best interests of their clients.
Transparency, credibility, fairness: Finra’s decision to explain rationale for penalties is a welcome one
Agency strikes a balance between punishment and deterrence.
UBS wins $9.7 million Finra award
Brokerage recoups settlement costs from a lawsuit filed by the ex-wife of a former client.
SEC, Finra nab two firms for AML violations
Chinese bank unit fined $5.3 million over anti-money laundering laxity.
Finra sheds more light on how it determines fine amounts
A footnote in regulator's settlement letter to Fifth Third outlines factors affecting the size of the fine.
Bond mark-up transparency rule could help investors, cause more work for brokers
New regulation requiring brokers to disclose their markup or markdown on corporate and municipal bonds goes into effect today.
Finra bars broker it was investigating for taking customer funds
James Knee allegedly misappropriated funds from clients at Ameriprise and Voya.
Finra fines Fifth Third Securities $4 million for variable-annuity violations
In second major VA enforcement action against Fifth Third, firm also must pay $2 million in restitution.
Finra bars former Pruco broker for diverting $47,700 from clients
Vaughn Lee Andrews-McKay was accused of using funds for his own purposes.
Beyond BrokerCheck: SEC adds online adviser search tool
SALI shows whether advisers have a judgment against them in an enforcement action
Arbitration losses could add to penalties for brokers violating Finra rules
Finra hearing officers will be looking for patterns of bad behavior in arbitration cases when imposing discipline on brokers.
Finra bars former NY Life broker over unauthorized annuity signature
Craig Walker was permitted to resign after 79-year-old customer complained.
Fired Merrill broker gets $750,000 in damages for defamation
Finra panel also lets Miguel Ballestas off the hook for $407,000 note
