Displaying 1932 results
Finra sanctions Morgan Stanley over UIT sales
The firm will pay $13 million in fines and restitution for failure to supervise.
Fired Ameriprise broker on the hook for $675,000 after losing arbitration
Amerprise sued the ex-broker after a client charged that the broker had stolen money from her and Amerprise had failed to tell her the broker had been suspended.
Broker fired by Sun Trust for expense violations agrees to Finra bar
Gregory S. Brent declined to provide testimony for Finra inquiry into his termination.
Former rep barred after double-dipping on credit card
Marc Ravenscroft kept reimbursement after receiving charge reversal.
Finra bars former First Allied broker with history of social media miscues
John Kai had been fired earlier this year for violations of communications policies, outside business activities and borrowing funds from a client, to name a few.
Finra panel awards $212,000 to ex-client of RBC
Finra arbitration panel awards estate of former RBC client $212,000 for alleged elder abuse and unsuitable trades.
Finra bars former Lincoln Financial rep fired over lying
William Garbarino allegedly covered up phony signatures on customer forms.
Finra bars recently fired UBS Miami broker
Lorenzo C. Esteva was fired earlier this summer for giving clients documents with false account information.
Finra could consider allowing holds on transactions if elder fraud suspected
The organization may eventually broaden a rule that already covers disbursements from brokerage accounts.
Finra bars former Morgan Stanley broker for dealings with client who later became his wife
Michael J. O'Connor refused to testify in a Finra disciplinary hearing about his termination.
Meet the SEC nominees: One opposes the DOL fiduciary rule, one is a blank slate
Republican Hester Peirce and Democrat Robert Jackson seek to fill two vacancies on the commission.
Finra censures C.L. King for role in hedge fund’s ‘death put’ strategy
Firm fined $750,000 for alleged misrepresentations to issuers in bond redemptions.
Jailed broker Mark David Holt loses $477,000 Finra arbitration
The case is the latest setback for Mr. Holt, a former attorney who has been disbarred, thrown out of the securities industry and is currently serving a 10-year prison term.
Congressman intends to hold Finra’s feet to the fire on how SRO spends fine money
Rep. Brad Sherman said he'd introduce legislation if he had to in order to get Finra to comply.
Finra bars former Securities America broker
Bruce Barber failed to provide information about selling unapproved securities.
House lawmakers grill Finra CEO Robert Cook on fine money, executive pay, transparency
Robert Cook points to the regulator's in-house operational review, Finra 360, and says it will likely yield 'transformational change.'
Finra bars former National Planning rep
Broker William Glaser caused $400,000 loss, claims infirm 76-year-old Navy veteran.
House holding oversight hearing on Finra today
Financial Services subcommittee will explore self-regulator's agenda, structure and in-house operational review.
Finra fines former Merrill broker $10,000 for unauthorized stock purchases
Joseph Yanofsky arranged the buys without getting customers' approval.
Action must be taken to make Finra more accountable
The SEC or Congress should consider forming an independent commission to consider Finra's future.
