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Finra: Who’s watching the watchdog?
The regulator wields enormous power over the securities industry with little meaningful oversight.
Finra fines ex-Morgan Stanley rep for secretly settling with client
The Miami-based broker is also suspended for 15 days
SEC charges ex-Connecticut rep with $1 million fraud
Agency says he diverted elderly clients' money to his own accounts
Finra panel awards Edward Jones $340,000 in estate dispute
Arbitration puts blame on client's power of attorney, not firm
Trump administration targets class-action right in DOL fiduciary rule, but other legal avenues could remain for investors
If the best-interest contract remains in some form, action could switch to state courts; Finra still allows class actions.
Finra panel says barred broker must pay $540,000 in damages
Anthony Mastroianni Jr. allegedly engaged in "in and out" trading of speculative stocks.
Former HSBC broker barred for alleged senior scam
Finra says Jaime Rodriguez bought two apartments with $200,000 from blind, elderly customer.
Finra bars former AXA rep
Cleveland office fired him last year for possible market manipulation
Broker agrees to Finra bar for engaging in unapproved securities transactions
Registered rep formed a company and then sold $1.74 million worth of shares to his brokerage clients.
Cetera broker-dealers to pay back $3.3 million to clients overcharged for mutual funds
Over an eight-year period, the B-Ds failed to properly supervise sales charge waivers to clients in retirement plans and charitable organizations.
Client wins $433,000 through Finra arbitration claim, but will likely see no payment
The claim against defunct broker-dealer EDI Financial Inc. highlights a growing problem of unpaid arbitration awards.
Finra bars former Merrill rep for failing to appear at hearing
Regulator was looking into charges that broker forged customer signatures.
Attorney blasts Finra after regulator loses insider trading case
Lawyer says it was 'slimy' of Finra to publicize the case while it was still being litigated
Fidelity wins arb case against wine mogul but earns a rebuke from Finra
In the case of investor Peter Deutsch, Fidelity doesn't have to pay any compensation, but regulator said firm put its interests ahead of his.
Fired UBS adviser revives Palm Beach scandal
Craig Price claims he was fired for speaking up about the abuse of a trust fund.
FSC Securities to pay $592,000 for failure to supervise leveraged ETFs
The Financial Industry Regulatory Authority Inc. and FSC Securities last Thursday announced that the firm will pay a $100,000 fine and $492,000 to clients.
Finra expels Hallmark Investments and bars CEO for fraud
Head of New York-based firm led scheme to sell shares at inflated prices, says regulator.
Former Newport, Revere rep barred for failure to testify
George Dahl appeared at Finra hearing but did not provide requested testimony.
Finra bars former AXA rep for failure to appear at hearing
Ex-AXA broker was fired by firm for misrepresentations in VA sales.
Finra bars former Edward Jones broker for no-show at hearing on client gifts
Edward Jones fired James V. Marino for allegedly taking $25,000 from client.
