FINRA

FINRA beefs up transparency in mortgage-backed market

FINRA has significantly increased transparency in mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae.

By Staff |July 22, 2013

2 min read

FINRA busts rep for using client money to buy advisory practices

If you’re shopping for an advisory practice, it’s probably not a good idea to bankroll the venture with client money, as former Raymond James rep David Albert Urovsky has learned.

By Staff |June 25, 2013

3 min read

FINRA fines firms $21.5 million for unsuitable investments

FINRA has fined two firms a total of $2.15 million and ordered them to pay more than $3 million in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds.

By Staff |June 4, 2013

2 min read

Firm fined $7.5 million for email system failures

FINRA has fined LPL Financial LLC (LPL) $7.5 million for 35 separate, significant email system failures, which prevented LPL from accessing hundreds of millions of emails and reviewing tens of millions of other emails.

By Staff |May 22, 2013

3 min read