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FINRA Postpones All In-Person Arbitration and Mediation Hearings

The Financial Industry Regulatory Authority has postponed all in-person arbitration and mediation proceedings scheduled through July 3, 2020 in response to the coronavirus (COVID-19)...

New Jersey Extends State Fiduciary Rule Finalization Amid Pandemic

New Jersey Governor Phil Murphy has signed an executive order to extend various deadlines associated with rulemaking for state agencies, including its proposed fiduciary...

FINRA Suspends and Fines Former LPL Rep for Borrowing $1.3 Million...

The Financial Industry Regulatory Authority has suspended and fined former LPL broker, Mark Lamkin, for allegedly borrowing money from a longtime friend who was...

FINRA Fines Former Merrill Lynch Broker for Covering Clients’ Losses

The Financial Industry Regulatory Authority has fined and suspended former Merrill Lynch broker, Sofia Gonzalez, for reimbursing two clients a total of $1,234 for...

FINRA Postpones All In-Person Arbitration and Mediation Hearings Due to Coronavirus

In response to the coronavirus pandemic (COVID-19), the Financial Industry Regulatory Authority has decided to postpone all in-person arbitration and mediation proceedings until May...

FINRA Issues Notice on Pandemic-Related Business Continuity Planning

Due to the recent outbreak of coronavirus disease (COVID-19), the Financial Industry Regulatory Authority has issued a notice reminding firms to consider business continuity...

FINRA Fines/Suspends Broker Over Firearms Business

The Financial Industry Regulatory Authority has fined and suspended a former Morgan Stanley broker for failing to notify the broker-dealer about the full nature...

Report: FINRA Fines, Restitution and Cases Plummet in 2019

An annual report by global law firm Eversheds Sutherland on disciplinary actions reported by the Financial Industry Regulatory Authority found that in 2019, fines,...

Barred Broker Files Lawsuit Challenging FINRA’s Ability to Bar Brokers

In a lawsuit filed with the U.S. Court of Appeals for the District of Columbia Circuit, a permanently barred broker is again challenging the...

FINRA Sanctions Broker for Using WhatsApp to Text Overseas Clients

The Financial Industry Regulatory Authority has fined Aegis Capital Corp. broker Paul Falcon $5,000 for using Facebook’s WhatsApp Messenger to communicate with three of...