The Financial Industry Regulatory Authority (FINRA) has ordered Pershing to pay $648,543 to an additional group of investors who claimed to have lost money in R. Allen Stanford’s Ponzi scheme.
Tagged with "FINRA"
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FINRA Arbitration Panel Orders Pershing to Pay Stanford Victims
Posted on July 20th, 2021 at 2:56 PM
FINRA Bars Former Advisor After His Assistant Took CE Classes for Him
Posted on July 16th, 2021 at 1:31 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former advisor who allegedly used an “impostor” to complete his FINRA Regulatory Element continuing education training and three non-FINRA CE courses in 2018.
FINRA Hits Robinhood with $70 Million Settlement over Supervisory Failures
Posted on July 14th, 2021 at 1:18 PM
The Financial Industry Regulatory Authority (FINRA) has finalized a record $70 million settlement with Robinhood Financial over widespread supervisory failures and outages.
FINRA Bars Former Ladenburg Advisor Accused of Forging Client Signatures
Posted on July 12th, 2021 at 12:32 PM
An ex-Ladenburg Thalmann Triad Advisor, Nathan Katz, has been barred from the industry by the Financial Industry Regulatory Authority (FINRA) for allegedly forging client signatures and completing unauthorized trades in client accounts.
FINRA Profit Resumes as Fines and Restitution Jumped 44%
Posted on July 9th, 2021 at 4:28 PM
The Financial Industry Regulatory Authority (FINRA) reports that fines and restitution jumped by 44%.
FINRA Orders Merrill to Pay $11.65 Million For UIT Rollover Violations
Posted on July 8th, 2021 at 1:45 PM
The Financial Industry Regulatory Authority (FINRA) has ordered Merrill Lynch to pay $11.65 million as part of a settlement.
FINRA to Expand Senior Exploitation Rule
Posted on July 2nd, 2021 at 12:44 PM
The Financial Industry Regulatory Authority (FINRA) has amended a rule in order to extend the hold period and allow temporary holds on securities transactions in cases of suspected financial exploitation of seniors.
Finra Sanctions Ex-LPL Broker Over ‘Outside’ Notary Biz
Posted on June 17th, 2021 at 1:27 PM
Finra is “laser-focused” on brokers’ unreported outside business activities, according to James Eccleston, a lawyer in Chicago who often represents brokers.
FINRA To Resume In-Person Arbitration Hearings
Posted on June 16th, 2021 at 1:56 PM
The Financial Industry Regulatory Authority (FINRA) announced that in-person arbitration hearings will resume nationwide in August.
FINRA Withdraws Expungement Reform Proposal It Had Prepared for SEC Approval
Posted on June 7th, 2021 at 12:08 PM
The Financial Industry Regulatory Authority (FINRA) announced that it has temporarily withdrawn a proposal to reform financial advisor expungement procedures.
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