Displaying 1932 results
Finra bars former Northwestern rep for impersonating customers
Finra barred Matthew Cochran for opening accounts held by 98 customers in trading ruse.
Finra bars former Royal Alliance rep who skipped hearing
Gary Basralian resigned after a client accused him of fraud and breach of contract.
UBS ordered to pay $204,000 in Puerto Rican bond claim
Finra panel says firm was liable for breach of contract and unsuitability.
Finra looks to streamline broker-dealer exams
CEO Robert Cook says three examination teams may be consolidated.
Finra bars former Morgan Stanley rep for unauthorized trades
Firm has settled 13 claims and paid customers of Thomas Alan Meier $2.5 million.
Finra reduces suspension of former Morgan Stanley rep
Kenneth Mathieson's one-year suspension for outside activities cut to six months.
Lawsuit over exchange-traded note shows peril in democratized investing
ETP industry is reconsidering disclosures at issuance and sale.
There’s a major flaw in Finra’s arbitration system
A much more feasible remedy has recently been put forth by PIABA.
Finra bars former broker in investigation no-show
Stephen Woods allegedly settled customer complaint on his own.
Finra bars broker who churned account of 93-year-old client with dementia
In a four-year-period, Mark Kaplan executed 3,500 trades that resulted in $723,000 in losses
CAT implementation uncertainty gives broker-dealers strategic options
Firms should address shortcomings in data reporting now.
Finra panel awards $404,482 to client after broker overdoes put options
Investor alleges Allegis and former broker Brandon Curt Stimpson put him in unsuitable investments, violated fiduciary duty and engaged in unauthorized trading.
Finra unpaid arbitration increased in 2017, PIABA report finds
Lawyers group calls on broker regulator to set up fund to compensate investors.
Finra bars Madison Avenue rep fired after arbitration
No-show at hearing on outside deals leads to action against repeat offender David Barber.
Sen. Warren introduces bill targeting unpaid Finra arbitration awards
Legislation directs the regulator to use fines to establish a pool of money to cover shortfalls.
Merrill Lynch tries to avoid arbitration in dozens of cases with former executives
About 60 former wirehouse staff claim they lost about $400 million when their Merrill stock dropped in 2007-08 due to the firm's exposure to mortgage-backed securities.
Finra bars former Morgan Stanley broker accused of accepting loans from clients
Michael Ralby declined to take part in the investigation, leading to the regulator's action.
Finra orders Citi to pay $4 million in wrongful dismissal case
Broker Christian S. Gherardi of Miami had sought $16.5 million in damages.
Senators want SEC, Finra to crack down on Wall Street’s harassment policies
Elizabeth Warren leads call amid #MeToo movement.
Finra restitutions more than doubled in 2017, disciplinary actions study finds
Eversheds Sutherland says regulator imposed fourth highest total sanctions over past decade
