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FINRA Fines Broker-Dealer $200,000 for Rep’s Unsuitable Non-Traded REIT Sales

Financial Industry Regulatory Authority (FINRA) has ordered Independent Financial Group (IFG) to pay a $200,000 fine for failing to "reasonably supervise" one of its...

FINRA Alerts Firms to Fraudulent Phishing Email Campaign

The Financial Industry Regulatory Authority has warned member firms of an ongoing phishing campaign that involves fraudulent emails purporting to be from “FINRA Membership”...

FINRA Fines Triad Advisors Over Supervisory Failures

The Financial Industry Regulatory Authority has issued a $150,000 fine to Triad Advisors, a wealth management firm within the Advisor Group network, for failing...

FINRA Bars Broker Accused of Referring Investors to Half-Brother’s Ponzi Schemes

The Financial Industry Regulatory Authority has barred former MML Investors Services broker, Gary Wayne Hammond, for allegedly participating in numerous private securities transactions and...

FINRA Fines LPL $6.5 Million for “Supervisory Deficiencies”

The Financial Industry Regulatory Authority has issued a $6.5 million fine against LPL Financial, the nation’s largest independent broker-dealer, for failing to establish and...

Transamerica to Pay $8.8 Million to Settle FINRA Charges

The Financial Industry Regulatory Authority has ordered Transamerica Financial Advisors Inc. to pay a $4.4 million fine, plus nearly $4.4 million in restitution after...

FINRA Fines Three Cetera Firms for “Supervisory Deficiencies”

The Financial Industry Regulatory Authority has fined three firms within the Cetera network a total of $1 million for failing to supervise certain private...

FINRA Bars Longtime Broker for Selling Illegitimate Investments

Financial Industry Regulatory Authority has barred longtime broker, Michael Edward Magill, for allegedly participating in illegitimate investments that caused three investors to lose $700,000...

FINRA Fines and Suspends Former NYLife Broker for Forging Client Signatures

The Financial Industry Regulatory Authority has fined and suspended a former NYLife Securities broker for allegedly forging client signatures on a life insurance policy...

FINRA Warns of Fake Phishing Emails

The Financial Industry Regulatory Authority has warned its member firms of an ongoing phishing campaign that involves fraudulent emails that include the domain “@invest-finra.org.” The...