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Kestra Financial Names Former eMoney Exec as President

Kestra Financial Inc., a wealth management platform for independent financial professionals, has hired Stephen Langlois as president to oversee the Kestra-branded broker-dealer and registered...

FINRA Fines Cadaret Grant $200,000 Over Rep’s Alleged Ponzi Scheme

Financial Industry Regulatory Authority has issued a $200,000 fine against Cadaret, Grant & Co. Inc., alleging that the broker-dealer failed to supervise one of...

FINRA Expels Broker-Dealer Sandlapper Securities Following NAC Appeal

On Tuesday, FINRA's National Adjudicatory Council affirmed the expulsion of broker-dealer Sandlapper Securities, as well as the bar of founder and chief executive officer...

FINRA Orders SagePoint to Pay $1.6 Million for Alleged Unit Investment...

The Financial Industry Regulatory Authority has ordered SagePoint Financial to pay $1.3 million in restitution, plus interest, to customers in connection with early rollovers...

FINRA Orders Stifel to Pay $3.6 Million for Alleged Unit Investment...

The Financial Industry Regulatory Authority has ordered Stifel, Nicolaus & Company, Incorporated to pay approximately $1.9 million in restitution, plus interest, to more than...

FINRA Amends Rules to Incentivize Payment of Arbitration Awards

The Financial Industry Regulatory Authority has amended its Membership Application Program (MAP) rules to incentivize the timely payment of arbitration awards by preventing a...

Hearing Panel Rejects FINRA Allegations Against Shopoff Securities and Officers

In a decision delivered yesterday, a three-person Financial Industry Regulatory Authority hearing panel dismissed fraud charges leveled by the agency’s Department of Enforcement against...

FINRA Fines Merrill Lynch for Allowing Unregistered Executive to Act as...

The Financial Industry Regulatory Authority has censured and fined Merrill Lynch $150,000 for purportedly allowing an executive with its non-FINRA member affiliate to function...

FINRA Suspends and Fines Former LPL Broker for Improper REIT Sales

The Financial Industry Regulatory Authority has suspended former LPL broker, Donald S. Woods, for six months and issued a $10,000 fine for improper sales...

FINRA Warns of Fake Phishing Emails Purporting to be from FINRA...

The Financial Industry Regulatory Authority has warned member firms of a widespread, ongoing phishing campaign that involves fraudulent emails purporting to be from FINRA...