Home Tags FINRA

Tag: FINRA

image_pdf

FINRA’s National Adjudicatory Council Revises Sanction Guidelines

The Financial Industry Regulatory Authority announced that the National Adjudicatory Council has updated the organization’s sanction guidelines to, among other things, increase the lower...

FINRA Permanently Bars Morgan Stanley Broker

The Financial Industry Regulatory Authority has permanently barred Doug M. McKelvey from the securities industry for refusing to provide information and documents requested by...

FINRA Fines Another Broker-Dealer over GPB Private Placement Sales

The Financial Industry Regulatory Authority has fined broker-dealer, Sanctuary Securities Inc., formerly known as David A. Noyes & Company, $60,000 over sales of GPB...

FINRA Fines and Suspends Former SagePoint Broker

The Financial Industry Regulatory Authority has fined and suspended Michael Ferrera Jr., a former SagePoint broker accused of failing to disclose an outside business...

FINRA Fines Broker-Dealer over GPB Fund Sales

The Financial Industry Regulatory Authority has fined broker-dealer, Capital Investment Group Inc., $50,000 over sales of GPB Automotive Portfolio LP and GPB Holdings II...

FINRA Fines LPL Financial $300,000 for Customer Reserve Violations

The Financial Industry Regulatory Authority has censured and fined LPL Financial, the nation's largest independent broker-dealer, for allegedly failing to accurately calculate its customer...

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National Securities Corporation, a broker-dealer based in Boca Raton, Florida, has withdrawn its registration with the Financial Industry Regulatory Authority after 75 years in...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 Suspends and Fines Former Schwab Broker for Failing to Disclose...

The Financial Industry Regulatory Authority has sanctioned a former Charles Schwab broker for failing to disclose multiple felony charges as required by the regulator.According...

FINRA Bars Two Individuals for Cheating on Online Qualification Exams

The Financial Industry Regulatory Authority has barred two individuals from the securities industry, Brandon Autiero of New Jersey and Harris Kausar of New York,...

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...

Merrill Lynch to Pay $15 Million in Restitution to Settle FINRA...

The Financial Industry Regulatory Authority has censured and ordered Merrill Lynch to pay approximately $15.2 million ($13.4 million, plus interest) in restitution to customers...

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...

FINRA Bars Ex-Cetera Broker for Stealing Funds to Buy Mutual Fund...

The Financial Industry Regulatory Authority has barred former Cetera Advisors broker, Marianne O'Shee Smith, who was accused of converting $45,100 from three senior customers...

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 Fines Crown Capital Securities over Commission Payments

The Financial Industry Regulatory Authority has ordered Crown Capital Securities to pay a $75,000 fine to settle allegations that the broker-dealer paid transaction-based compensation...

FINRA Sanctions Ex-LPL Broker Accused of Raising $815,000 for Fraudulent Tequila...

The Financial Industry Regulatory Authority has suspended and fined Michael Mandel, a former LPL broker, for allegedly soliciting 18 investors, seven of whom were...

FINRA Report Highlights Compliance Deficiencies of Regulation Best Interest and Form...

The Financial Industry Regulatory Authority has published its 2022 Examination and Risk Monitoring Program report, outlining the initial findings of its review of the...

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...