Displaying 1932 results
Edward Jones broker terminated over client gift is barred by Finra
Regulator says Ralph Villanueva Villavicencio failed to provide testimony for its investigation.
Finra bars broker, firm principals for $5 million account churning
But no fines or restitution imposed because two of the three have filed for bankruptcy.
Former Aegis Capital broker barred for skipping hearing
Kenneth L. Jones had been terminated for not disclosing outside business.
Former Morgan Stanley broker barred over claims of unsuitable trading
Anthony Vincent Ferrone refused to provide complete testimony at Finra hearing
Finra promotes Susan Schroeder to head unified enforcement effort
Ms. Schroeder had been serving as head of enforcement since the departure of Brad Bennett earlier this year.
Finra seeks to raise pressure on firms hiring rogue brokers, avoiding arbitration payments
Board advances proposals to amend membership applications to allow the regulator to scrutinize troubled brokers, pending monetary awards.
Finra bars broker who lost job after felony indictment
Dick P. Wollman was fired by Horace Mann Securities for failing to disclose his indictment and barred for not cooperating with Finra's investigation into his termination.
Citi International reaps $1.5 million award in raiding case
Finra panel orders VectorGlobal WMG to pay damages involving the recruitment of former Citi brokers and the use of confidential information.
Edward Jones fined $750,000 over account aggregation violations
Finra says firm did not have adequate procedures to track consolidated reports to clients.
Finra hits State Street with $1.5 million fine for electronic record-keeping violations
Regulator censured the firm for failing to maintain copies of messages.
Northeast Securities to pay $1.8 million in Finra arbitration claim
Claimants wanted $3 million for alleged fraud, churning and negligence in bond trades
Supreme Court could put pressure on Finra class-action policy
Finra may rethink its ban on class-action waivers in arbitration clauses, depending on whether the court sides with the Trump administration.
Finra makes up for 2016 operating revenue hit with big increase in fine income
Broker-dealer self-regulator reports that fines increased to $173.8 million in 2016, up from $93.8 million in 2015.
Finra board elects William Heyman chairman
Vice chairman and CIO of The Travelers succeeds Jack Brennan effective July 18
SEC budget request could make it harder for agency to increase adviser examinations
The SEC budget request for 2018 projects 1,044 full-time OCIE employees, down from 1,069 in fiscal 2017.
Finra awards $440,000 in case against Ameriprise
All-public arbitration panel says firm breached fiduciary duty.
SEC Chairman Jay Clayton says agency initiatives would help investors research advisers’ backgrounds
He doesn't provide details, but says that he shares SEC Investor Advisory Committee's desire to help older investors know their advisers
Finra engages in rulemaking by enforcement: financial industry groups
FSI and SIFMA criticize broker-dealer regulator for creating standards based on settlements.
Time for Finra to pull back the curtain on its oversight and board
The regulator undercuts its investor-protection mission by obscuring the most dangerous firms it oversees.
Driving clarity on Finra’s rules on outside business activities
Outside business activities are a vital component of the value independent financial advisers offer to their clients and communities.
