FINRA is advising broker-dealers to exercise caution in recommending and entering unpriced customer orders at and around the opening on the first day of trading ...
Remember that carrot FINRA dangled for self-reporting mutual fund sales over-charges? Some of your peers apparently didn’t. They got the stick. FINRA made it ...
A targeted FINRA examination sweep—the first announced by the SRO for 2018—will focus on broker-dealers’ supervisory controls tied to products linked to the Chicago Board ...
Despite repeated warnings from FINRA, firms continue to have trouble meeting their suitability obligations. Witness the two Wells Fargo broker-dealers who were ordered to pay ...
A thirty-year tenure at a firm is rare these days and tends to gain the employee a certain amount of leeway. But for Wedbush Securities ...
Shortcomings in its anti-money laundering program have dealt a New York-based dual registrant an enforcement double whammy. On March 28, both FINRA and the SEC ...
Eight months after launching the initiative, FINRA’s new consolidated enforcement group is beginning to take shape, holding its first meeting and mapping an ambitious agenda ...
The headline suggested a textbook case of elder financial abuse: Broker makes fraudulent misrepresentations to collect $70,000 in fees from a couple of 90-something clients. ...
FINRA’s periodic retrospective rule review process has yielded a number of significant changes. This time, the SRO has flagged its carrying agreements’ rule (rule 4311) ...
JH Darbie & Co. is in search of a new FINOP. The New York-based broker-dealer settled charges against the firm March 27 for violating the ...