FINRA

Industry

U.S. rep allegedly borrowed from client for used-car business

FINRA has imposed a four-month suspension on Marco Antonio Daniel.

By Staff |February 1, 2016

1 min read

Industry

FINRA fines Macquarie Capital

FINRA has censured and fined Macquarie Capital (USA) US$2.95 million. Find out why.

By Staff |January 6, 2016

2 min read

Industry

Insurance rep locks horns with FINRA, SEC

Putting clients’ insurance premium payments in the wrong account can land you in hot water, as one U.S.-based agent learned when FINRA came knocking.

By Staff |December 10, 2015

1 min read

Industry

Advisor allegedly fleeced senior couple, settles with FINRA

Canadian regulators and SROs have said repeatedly that cracking down on advisors who take advantage of seniors citizens remains a top priority. A recent case from south of the border underscores why this is probably a good thing.

By Staff |October 30, 2015

1 min read

FINRA bars rep over high volume of unauthorized trading

Prior to a regulatory hearing, and without an adjudication of any issue, the Financial Industry Regulatory Authority (FINRA) accepted a letter of Acceptance, Waiver and Consent (AWC) submitted by Robert Head, a former General Securities Representative.

By Staff |November 7, 2014

2 min read

U.S. regulators want better fee disclosure

The North American Securities Administrators Association (NASAA) announced today that it has convened a working group consisting of state securities regulators and representatives of Financial Industry Regulatory Authority (FINRA), the Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Institute (FSI) to develop improved broker-dealer fee disclosure.

By Staff |September 11, 2014

2 min read

FINRA fines Citigroup Global Markets for best-execution violations

FINRA has fined Citigroup Global Markets Inc. $1.85 million for failing to provide best execution in approximately 22,000 customer transactions involving non-convertible preferred securities, and for related supervisory deficiencies for more than three years. FINRA also ordered Citigroup to pay more than $638,000 in restitution, plus interest, to affected customers.

By Staff |August 26, 2014

2 min read

SEC approves FINRA rule to prohibit conditioning settlements on expungement

FINRA has announced that the SEC has approved a new rule prohibiting firms and registered representatives from conditioning settlement of a customer dispute on—or otherwise compensating a customer for—the customer's agreement to consent to, or not to oppose, the firm's or representative's request to expunge such information from the Central Registration Depository (CRD) system.

By Staff |July 24, 2014

1 min read

FINRA

U.S. rep allegedly borrowed from client for used-car business

FINRA fines Macquarie Capital

Insurance rep locks horns with FINRA, SEC

Advisor allegedly fleeced senior couple, settles with FINRA

FINRA dismisses bizarre claim against advisor

FINRA bars rep over high volume of unauthorized trading

U.S. regulators want better fee disclosure

FINRA fines Citigroup Global Markets for best-execution violations

SEC approves FINRA rule to prohibit conditioning settlements on expungement

FINRA withdraws recruitment bonus disclosure rule