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National Securities Closes Down

National Securities Corporation, a broker-dealer based in Boca Raton, Florida, has withdrawn its registration with the Financial Industry Regulatory Authority after 75 years in...

FINRA Fines United Planners over GPB Fund Sales

The Financial Industry Regulatory Authority has fined broker-dealer, United Planners' Financial Services of America, $40,000 over sales of GPB Holdings II LP, a private...

FINRA Orders National Securities to Pay $9 Million for Multiple Violations,...

The Financial Industry Regulatory Authority has sanctioned broker-dealer National Securities Corporation approximately $9 million, including disgorgement of $4.8 million in net profits received for...

FINRA Fines Broker-Dealer $45,000 over GPB Private Placement Sales

The Financial Industry Regulatory Authority has fined IBN Financial Services $45,0000 over sales of GPB Capital private placement securities, according to a settlement letter...

Geneos to Pay $400,000 to Settle FINRA Charges Involving GPB and...

The Financial Industry Regulatory Authority has fined Geneos Wealth Management $150,000 for failing to reasonably supervise its representatives’ recommendations of an alternative mutual fund...

FINRA Fines Two Broker-Dealers $115,000 over GPB Private Placement Sales

The Financial Industry Regulatory Authority has fined two broker-dealers, Dempsey Lord Smith LLC and BD4RIA Inc., which sold GPB Capital private placement securities, according...

FINRA Bars Former Transamerica Broker

The Financial Industry Regulatory Authority has barred former Transamerica broker, Mark Smith, for refusing to appear for on-the-record testimony as requested by the regulator. Smith...

FINRA Orders Multiple Firms to Pay $11.1 Million in Restitution for...

The Financial Industry Regulatory Authority has censured and ordered multiple broker-dealers to pay a total of $11.1 million in restitution to clients for their...

FINRA Bars Ex-Broker Accused of Taking Money from Children’s Cancer Charity

The Financial Industry Regulatory Authority has barred former Northwestern Mutual broker, Roderick Len Whited, for pocketing money raised for a pediatric cancer charity. Whited served...

FINRA Alerts Firms to New Phishing Campaign Using Fraudulent Domain Names

The Financial Industry Regulatory Authority has issued Regulatory Notice 21-30 warning firms of an ongoing phishing campaign that involves fraudulent emails purporting to be...