Not only there are concerns about senior investors, there are also concerns about senior advisors. About 65% of broker-dealers ("B-Ds") are "worried about the aging [of] registered representative population at their firms," according to the cell phone poll taken at the Senior Investor Protection Conference by the Financial Industry Regulatory Authority Inc. ("FINRA").
Financial Industry Regulatory Authority Inc. (“FINRA”) has ordered Raymond James and Associates Inc. (“Raymond James”) to pay $3.2 million to more than two dozen customers over unauthorized trading in oil and gas ventures.
The Financial Industry Regulatory Authority Inc. ("FINRA") said that some brokerages are not doing enough to prevent sales of investment products that are inappropriate for their customers.
As the year comes to an end, ThinkAdvisor has released the Financial Industry Regulatory Authority’s (FINRA’s) 10 largest broker-dealer (BD) arbitration awards in 2019. They are, in order from highest to lowest:
Financial Industry Regulatory Authority Inc. (“FINRA”) recently revealed that it would not be investigating 30 former JPMorgan advisors accused of engaging in “suspicious activity.” The allegations include stealing client and company funds, altering and forging documents, among others.
The Financial Industry Regulatory Authority Inc. (“FINRA”) recently suspended an independent broker for using his personal email and computer to communicate with clients in violation of industry rules.
The Financial Industry Regulatory Authority Inc. ("FINRA") recently barred a former Morgan Stanley broker from the brokerage industry for refusing to hand over requested documents and information around his alleged theft of client money.
A Financial Industry Regulatory Authority Inc. ("FINRA") arbitration panel recently ordered TD Ameritrade Inc. to pay an investor $720,816 for lack of oversight of an investment adviser to whom it provided custodial services.
FINRA fined J.P. Morgan in 2009, and the regulator is doing so again – this time with a fine that is nearly 10 times greater – perhaps to send a message.
Saving for education is a critical for many families. FINRA offers these eight tips to help you make smart 529 savings plan choices:
