Displaying 1932 results
Finra challenges Schwab effort to stem class action claims
Finra claims that The Charles Schwab Corp. is violating rules by including in arbitration agreements a provision requiring investors to waive their rights to bring or participate in class actions against the firm.
Finra warns B-Ds about gray areas when courting seniors
Regulator says some firms take liberties using 'senior designations'; supervisory procedures must be tightened and enforced
Finra names new top lawyer
Ex-SEC official Robert Colby will replace Grant Callery, Marc Menchel
Finra suspends, fines its own board member
It was revealed this week that Finra has fined and suspended the head of small indie B-D. No big deal, right? Well, this executive also happens to sit on the regulator's board of directors.
Finra bars broker who stole from sick child
Barred broker Ralph Edward Thomas Jr. was sentenced to four years in prison last February and ordered to pay $838,000 in restitution.
Pinnacle expelled, president barred over alleged fraud
A Finra hearing officer last week expelled Pinnacle Partners Financial Corp. and barred its president, Brian Alfaro, for…
Berthel Fisher scores arbitration victory
2.6M claim involved DBSI TICs; significant exposure remains
Merrill Lynch loses $10.2M broker-pay case
By any standard, it was a big loss. A Finra panel on Wednesday not only ordered the brokerage to pay two ex-workers $5.2M in back pay, but tacked on a $5M punitive charge. Now, Merrill is striking back. In a court petition seeking to overturn the ruling, the brokerage claims a panel member has it in for the firm.
Finra turnabout: Client and son ordered to pay for "frivolous’ claim
In an unusual case, a Financial Industry Regulatory Authority Inc. arbitration panel last week ordered two investors to…
Finra may unlock BrokerCheck
Finra is considering giving up its proprietary lock on BrokerCheck data, paving the way for a higher level…
Finra aims to hike fees due to ‘significant loss’
After incurring a 'signficant loss' in 2011, Finra plans to raise a number of user fees. How big a hit will B-Ds take? The hikes will range anywhere from 5% to 50%.
Finra’s big loss prompts move to raise fees
To help cover an operating loss, the Financial Industry Regulatory Authority Inc. plans to hike a number of…
IAA, Finra rivalry hotting up as SRO bill nears
IAA plans 'lobbying day' to convice lawmakers to drop plan; Finra said to be actively pushing for the gig
Regulators turn up the heat on branch office oversight
Broker-dealers and their independent representatives are feeling the pinch of tougher oversight. Regulators have issued several warnings…
Finra panel: David Lerner Associates sold marked-up munis
Brokerage firm David Lerner Associates Inc. was ordered to pay more than $3.7 million in fines and restitution…
Finra’s risk survey ruffles B-D feathers
Trying to overcome broker-dealer wariness, the Financial Industry Regulatory Authority Inc. is beating the bushes to encourage firms…
Finra files more cases, levies more fines in ’11
Enforcement actions and fines by the Financial Industry Regulatory Authority Inc. jumped sharply last year, with the latter…
Industry to Finra: Why disclose exam scores?
Industry observers are wondering why the Financial Industry Regulatory Authority Inc. has issued a proposal to disclose licensing…
Pacific West Securities ordered to pony up $2.1M over TICs
A Finra arbitration panel has awarded a couple $2.1M over unsuitable tenant-in-common exchange investments
Ex-broker charged with litany of offenses — including fleecing church
Police claims James Scott McKee stole $584K from three investor; Finra alleges rep deceived clients for more than five years
