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FINRA Bars Former Janney Montgomery Scott Broker for Stealing Customer Funds

The Financial Industry Regulatory Authority has barred former Janney Montgomery Scott (“Janney”) broker Apostolos Pitsironis for allegedly converting $411,000 of customer funds to his...

FINRA Bars Former First Canterbury Securities Broker

The Financial Industry Regulatory Authority has barred former First Canterbury Securities, Inc. broker Clayton Wertz for allegedly receiving payments to create false account statements...

FINRA Panel Rules that Wells Fargo Violated Nevada’s New Fiduciary Rule

In a landmark arbitration decision, the Financial Industry Regulatory Authority ruled that Wells Fargo must pay investor Ann De Jong, an emergency room physician,...

SEC Obtains Emergency Asset Freeze and Charges Adviser with $100 Million...

The Securities and Exchange Commission has charged Brenda Smith, a Pennsylvania investment adviser, with operating a $105 million fraud. The SEC also obtained an...

ProEquities CEO Wins FINRA Large Firms Board Seat

Chris Flint, the president and CEO of ProEquities, has won the large firms seat in this year’s FINRA board of governors’ election over incumbent...

FINRA Suspends Former Cetera Broker for Selling Woodbridge Notes in Unapproved...

The Financial Industry Regulatory Authority has fined and suspended a former Cetera Advisors broker for engaging in private securities transactions involving Woodbridge Group of...

Investors File Class Action Lawsuit Against GPB Capital

Investors Victor Wade and Karen Loch have filed a class action lawsuit against GPB Capital Holdings and certain affiliates and senior executives seeking, among...

FINRA Bars Former Pruco Broker for Forging VA Applications to Meet...

The Financial Industry Regulatory Authority has barred Karen Paek, a former Pruco Securities broker, for creating and submitting multiple fictitious variable annuity applications to...

ProEquities CEO Announces Candidacy for FINRA Large Firms Seat

Chris Flint, the president and CEO of ProEquities, has launched his candidacy for the large firms seat in this year’s FINRA board of governors’...

FINRA Fines Citigroup Brokerage Unit $1.25 Million for Lax Background Checks

The Financial Industry Regulatory Authority has fined Citigroup Global Markets Inc., the full-service brokerage affiliate of Citigroup Inc., $1.25 million for failing to conduct...