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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...

FINRA Fines and Suspends Former Broker for Falsifying and Forging Business...

The Financial Industry Regulatory Authority has fined and suspended Jaime Sanchez Rivera, a former broker at First Southern Securities LLC and its affiliate First...

Transamerica to Pay $8.8 Million to Settle FINRA Charges

The Financial Industry Regulatory Authority has ordered Transamerica Financial Advisors Inc. to pay a $4.4 million fine, plus nearly $4.4 million in restitution after...

FINRA Fines Three Cetera Firms for “Supervisory Deficiencies”

The Financial Industry Regulatory Authority has fined three firms within the Cetera network a total of $1 million for failing to supervise certain private...

FINRA Suspends and Fines Former Broker for Borrowing Money from Client

The Financial Industry Regulatory Authority has fined and suspended former broker Kim Millman for borrowing $6,000 from a client and failing to disclose six...

FINRA Bars Longtime Broker for Selling Illegitimate Investments

Financial Industry Regulatory Authority has barred longtime broker, Michael Edward Magill, for allegedly participating in illegitimate investments that caused three investors to lose $700,000...