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FINRA Fines and Suspends Former LPL Broker for Borrowing Money from...

The Financial Industry Regulatory Authority has suspended former LPL Financial broker, Elias Moses Hakimian, for three months for reportedly borrowing $120,000 from a firm...

FINRA Fines Broker-Dealer $200,000 for Rep’s Unsuitable Non-Traded REIT Sales

Financial Industry Regulatory Authority (FINRA) has ordered Independent Financial Group (IFG) to pay a $200,000 fine for failing to "reasonably supervise" one of its...

FINRA Fines Three Broker-Dealers for Selling “Risky” Alternative Mutual Fund

The Financial Industry Regulatory Authority has censured and fined three broker-dealers, Cambridge Investment Research, Securities America, and J.W. Cole Financial, for failing to reasonably...

FINRA Alleges Broker Improperly Sold $7.8 Million in Non-Traded REITs

The Financial Industry Regulatory Authority’s Department of Enforcement has filed a complaint against Megurditch (Mike) Patatian, a former Western International Securities broker, who allegedly...

FINRA Alerts Firms to Fraudulent Phishing Email Campaign

The Financial Industry Regulatory Authority has warned member firms of an ongoing phishing campaign that involves fraudulent emails purporting to be from “FINRA Membership”...

FINRA Fines Securities America for Violating Customer Privacy

The Financial Industry Regulatory Authority has fined Securities America $125,000 for purportedly helping 12 recruited brokers take nonpublic personal customer information from their former...

FINRA Suspends Two Former Transamerica Reps for Designating Themselves as VA...

The Financial Industry Regulatory Authority has fined and suspended former Transamerica registered representatives, Wenru Liang and Jenny Xinfang Feng, who were both accused of...

FINRA Fines Triad Advisors Over Supervisory Failures

The Financial Industry Regulatory Authority has issued a $150,000 fine to Triad Advisors, a wealth management firm within the Advisor Group network, for failing...

FINRA Bars Broker Accused of Referring Investors to Half-Brother’s Ponzi Schemes

The Financial Industry Regulatory Authority has barred former MML Investors Services broker, Gary Wayne Hammond, for allegedly participating in numerous private securities transactions and...

FINRA Fines LPL $6.5 Million for “Supervisory Deficiencies”

The Financial Industry Regulatory Authority has issued a $6.5 million fine against LPL Financial, the nation’s largest independent broker-dealer, for failing to establish and...