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FINRA Bars Another Broker for Selling Woodbridge Ponzi Promissory Notes

The Financial Industry Regulatory Authority has barred Jeffrey Scott Nimmow for selling nearly $3.4 million in Woodbridge promissory notes to investors. In January 2019, a...

Inland Exec Appointed to FINRA’s Midwest Region Committee

Inland Securities Corporation, the dealer-manager and placement agent for real estate investment programs sponsored by Inland Real Estate Investment Corporation and Inland Private Capital...

Guest Contributor: 2020 Examination Priorities, FINRA to Scrutinize Private Placement Marketing...

By: Brad Updike, Director at Mick Law P.C.  The Financial Industry Regulatory Authority (FINRA) released its list of examination priorities on January 9, 2020. In...

FINRA Fines Royal Alliance Over Two Brokers Who Stole $3.8 Million...

The Financial Industry Regulatory Authority has fined independent broker-dealer Royal Alliance Associates $400,000 after two of its brokers, acting independently of each other, stole...

FINRA Releases Questions for SEC’s Reg BI Compliance Review

The Financial Industry Regulatory Authority has released its 2020 risk monitoring and examination priorities letter which highlights the areas of focus for its risk...

FINRA Fines Five Firms $1.4 Million for Failing to Reasonably Supervise...

The Financial Industry Regulatory Authority has fined five broker-dealers a total of $1.4 million for failing to properly monitor custodial accounts established under the...

FINRA Files Complaint Against Broker for Unsuitable REIT and BDC Investments

The Financial Industry Regulatory Authority has filed a complaint against Southeast Investments broker Mercer Hicks III, aka Toby Hicks, alleging that he made unsuitable...

Massachusetts Moves Forward with State Fiduciary Standard

Massachusetts Secretary of the Commonwealth William Galvin, the state’s chief securities regulator, has signed off on new regulations that would impose a uniform fiduciary...

SEC Charges Unregistered Broker Who Sold Woodbridge Securities to Retail Investors

The Securities and Exchange Commission has charged Brett Pittsenbargar, a Texas-based external sales agent for Woodbridge Group of Companies LLC, and his wholly-owned alter...

FINRA Bars Former Pruco Securities Rep for Refusing to Participate in...

The Financial Industry Regulatory Authority has barred Joseph Viet Duy Phan, a former Pruco Securities representative, for refusing to provide on-the-record testimony in connection...