Displaying 1932 results
Brokers support Finra ranking of reps to identify bad apples as long as list stays private
Some in industry fear a data breach that could make list public.
Finra orders Wells Fargo to pay $3.4 million over risky ETFs and ETNs
Regulator reminds firms of their duty to understand volatility-linked products and supervise how they are sold.
Finra ranking brokers in effort to crack down on industry’s bad apples
All 634.403 reps have been ranked based on factors such as prior regulatory disclosures, disciplinary actions and employment history.
Finra wants to help the small broker-dealer: Cook
Given the stark decline in the number of brokerages over the past 10 years, the chief regulator is looking for 'steps we can take to create an environment to help small firms be successful.'
Finra bars former broker over unauthorized use of discretion
Kenneth Neuner, terminated by Summit Brokerage, was an arbitration no-show
Finra orders Morgan Stanley to return $200,000 in variable annuity sale
Arbitration panel says prospectus, fees may not have been sufficiently revealed beforehand
Finra flags two ex-Ameriprise reps over margin snafus
Jack McBride allegedly wrote checks to a client to cover margin interest charges, while Stuart Pearl allegedly made unsuitable recommendations.
Finra’s Focus on UITs
Overlooking price discounts and pushing early rollovers can land firms in hot water
Finra cracks down on faulty variable annuity exchanges
Two recent enforcement actions highlight how the brokerage watchdog is upping its scrutiny and is unlikely to relent.
SIFMA: State-level fiduciary rules would confuse investors
Managing director Lisa Bleier set to testify in Nevada workshop on state's new fiduciary law.
Finra CEO: Regulator will consider more transparency
Robert Cook, sitting down with critic David Burton of the Heritage Foundation, says Finra may become more open with board deliberations and how it spends fine money.
Finra denies WSJ report that regulator has underperforming portfolio
Regulator says Journal's analysis makes improper comparison of returns.
Consumer Federation of America claims brokerage firms may be violating DOL fiduciary rule
The CFA is calling on regulators to investigate whether brokers are moving clients to higher-cost, fee-based accounts, which it says would be a violation of the DOL rule.
Borg puts cybersecurity, unpaid arbitration claims on NASAA agenda
Alabama securities director takes helm of state regulators' association for third time, and at age 64 he might still make time to ride his motorcycle.
Finra considers remote branch inspections, more BrokerCheck info
The exam proposal would apply to 'low-risk' branch offices, while the public database proposal would more closely resemble the SEC's Form ADVs.
Ex-broker ordered to pay $550K for bilking investors with modest incomes
SEC obtains default judgment on reckless trading of leveraged ETFs and ETNs, theft from unsophisticated investors.
H. Beck censured, fined $50,000 for unsuitable ETF trades
Letter of consent comes after firm paid $1.5 million in related arbitration case.
Finra bars former Morgan Stanley manager over expense reports
Barbara Waters oversaw administrators in firm's wealth management group.
Finra awards $1.5 million to victims of broker fraud
Barred Michigan rep Christopher Tolmacs 'pocketed' money for funds.
Finra bars former rep over collectibles
Dale Earl Krueger allegedly used customer funds to buy medals.
