FINRA Investigations Under Rule 8210
It is every registered person’s nightmare. You receive a letter from a FINRA office notifying you that you are the…
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Proposed FINRA Rule Requires Enhanced Fee Disclosures in Fixed Income Investments
In late February, the Financial Industry Regulatory Authority (FINRA) approved a new rule designed to help investors understand the transaction…
Read MoreFINRA Permanently Bars Two Brokers Who Ran Fraudulent Hedge Fund
Clients who invested more than $12 million into a hedge fund that promoted itself as a safe investment based on…
Read MoreFINRA Accuses Broker of Charging $11 Million in Commissions and Lying About It
In early February 2016, the Financial Industry Regulatory Authority (FINRA) filed an enforcement action accusing financial advisor Gopi Vungarala of…
Read MoreFINRA Expungement Update – Expungement Denied in Recent Case
A recent FINRA arbitration Award highlights how the new FINRA expungement rules cannot be circumvented […]
Read MoreIt’s the Culture, Stupid: Additional Observations on Finra’s 2016 BD Guidance
As we posted last week, FINRA has just published its 11th annual Regulatory and Examination Priorities Letter addressing emerging and…
Read MoreFINRA Regulation to Scrutinize Firm Cultures in 2016
The Financial Industry Regulatory Authority (“FINRA”) announced this week it will more formally scrutinize how brokerage firm’s culture affects compliance…
Read MoreFINRA Seeks SEC Approval of New Broker Compensation Disclosure Rule
On Wednesday, the Financial Industry Regulatory Authority (FINRA) submitted proposed Rule 2273 to the SEC for formal approval. The rule,…
Read MoreMetlife Will Pay a “Significant Fine” to FINRA Over Variable Annuity Sales
MetLife, Inc., the largest U.S. life insurer, has disclosed that FINRA has indicated it will seek a “significant fine” from…
Read MoreFinra Amendment Makes U4 and U5 Expungements More Difficult
FINRA’s Board of Governors voted to implement several key regulatory changes for broker-dealers including one that will make it harder…
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