finra

FINRA

2007 News Releases

   

December 19, 2007 -   AFSCME Training and Education Institute Creates Investor Education Program for Working Families
December 14, 2007 -   FINRA Board Approves Rule that Codifies Expungement Procedures for Arbitrators
December 13, 2007 -   FINRA Fines J. P. Morgan Securities $500,000 for Failing to Disclose Use of Payments to Consultants to Obtain Numerous Municipal Securities Offerings
November 29, 2007 -   FINRA Orders Rafferty Capital Markets to Pay Over $400,000 for Supervisory Failures Involving Late Trading, Deceptive Market Timing By Firm's Hedge Fund Customers
November 28, 2007 -   FINRA Fines Wachovia Capital Markets $300,000 for Deficient Disclosures in Research Reports
November 20, 2007 -   FINRA Investor Education Foundation Announces 2008 Grant Program
November 14, 2007 -   FINRA Investor Education Foundation to Offer Online Credit Management Resource Free to Active Duty Military, Spouses
November 12, 2007 -   FINRA Expands Investor Education Outreach with Integrated, Multimedia Advertising Campaign Aimed at Baby Boomers
November 07, 2007 -   New Study Shows Overwhelmingly Positive Employee Endorsement of Automatic Enrollment in 401(k) Plans Most Feel it Makes Saving for Retirement Easier
November 06, 2007 -   FINRA Publishes Guidance, Text for New Rule Governing Deferred Variable Annuity Transactions
November 05, 2007 -   FINRA Expels Franklin Ross, Inc. for Systemic Violations of Anti-Money Laundering Rules
October 30, 2007 -   FINRA Fines Oppenheimer $1 Million to Settle Charges that It Produced Flawed, Incomplete and Untimely Data in Breakpoint Self-Assessment
October 29, 2007 -   Securities Firms Elect Seven Industry Governors to FINRA Board of Governors
October 25, 2007 -   FINRA Fines UBS Financial Services $370,000 for Late Reporting, Failing to Report Broker Information
October 23, 2007 -   FINRA Identifies Energy Stocks as Latest "Pump and Dump" Scheme
October 23, 2007 -   FINRA Investor Education Foundation Funds Research Examining How Disclosures Can Help Investors Understand Risk and Minimize Fees
October 23, 2007 -   FINRA Investor Education Foundation and AFCPE Kick-Off Financial Education Program For Professional Marriage and Divorce Counselors
October 23, 2007 -   FINRA Investor Education Foundation Funds Research on Financial Risk of Longevity in Retirement
October 23, 2007 -   FINRA Investor Education Foundation Funds Research to Improve Disclosure of Financial Product Information
October 23, 2007 -   FINRA Investor Education Foundation Funds Education Program for Older Investors with Securities Disputes
October 11, 2007 -   FINRA Announces New Webcast to Guide Brokers when Working with Senior Customers
October 11, 2007 -   FINRA Announces Small Firm Emergency Partner Program
October 11, 2007 -   Clicking on Compliance: FINRA Launches Firm Gateway
September 27, 2007 -   Morgan Stanley to Pay $12.5 Million to Resolve FINRA Charges that it Failed to Provide Documents to Arbitration Claimants, Regulators
September 26, 2007 -   FINRA Board Approves Rule to Limit Motions to Dismiss in Arbitrations
September 17, 2007 -   FINRA Mediation Prices Reduced During "Settlement Month" in October
September 10, 2007 -   FINRA Announces Major Regulatory Sweeps at Senior Summit
September 05, 2007 -   FINRA Launches 'Market Data' Online Today, Providing Free, Comprehensive Data to Retail Investors
September 05, 2007 -   FINRA Fines AXA Advisors $1.2 Million for Fee-Based Account Violations, Orders Return of $1.4 Million in Fees to Approximately 1,800 Customers
August 30, 2007 -   New National Survey Shows Widespread Anxiety Among American Investors
August 22, 2007 -   Julie Bauer Named to FINRA Government Relations Post
August 02, 2007 -   FINRA Fines Morgan Stanley $1.5 Million, Orders $4.6 million In Restitution To Customers Overcharged in Corporate Bond Sales
August 02, 2007 -   FINRA Announces Interim Board of Governors to Serve Until Annual Meeting for Board Elections
July 30, 2007 -   NASD and NYSE Member Regulation Combine to Form the Financial Industry Regulatory Authority - FINRA
July 11, 2007 -   In First Case of Its Kind, NASD Charges Former Securities America Broker with Misleading Union Retirement Plans About Receipt of More Than $280,000 in Improper Directed Brokerage Commissions, Other Payments
June 28, 2007 -   NASD Settles Cases Against MML Investors Services, NYLIFE Securities, Securities America and Northwestern Mutual Investment Services for Fines Totaling over $1.2 Million for Failures Relating to Mutual Fund Sales
June 28, 2007 -   Accredited Financial Counselor Program Fellowships Awarded
June 27, 2007 -   NASD Fines Wells Fargo Securities $250,000 for Failing to Disclose Analyst's Employment with Covered Company in Research Report
June 21, 2007 -   NASD Fines Wachovia Securities $2 Million for Fee-Based Account Violations
June 06, 2007 -   Citigroup Global Markets to Pay Over $15 Million to Settle Charges Relating to Misleading Documents and Inadequate Disclosure in Retirement Seminars, Meetings for BellSouth Employees
May 29, 2007 -   NASD Fines HSBC Brokerage for Failure to Supervise Government Securities Transactions for Best Execution
May 15, 2007 -   WISER, Center for American Nurses Target Nurses' Financial Security with Help from NASD Investor Education Foundation Grant
May 08, 2007 -   NASD, State Regulators Issue Joint Statement to Support Insurance Regulators' Model Annuity Suitability Regulation
May 08, 2007 -   NASD Fines Two Fidelity Broker Dealers $400,000 for Distributing Misleading Sales Literature About Systematic Investment Plans Sold to Military Personnel
May 03, 2007 -   LaRae Bakerink Appointed Small Firms Representative on NASD Board of Governors
April 30, 2007 -   NASD and Chicago Stock Exchange Fine and Suspend Traders for Cross-Market Manipulation
April 26, 2007 -   William C. Alsover, Jr. Resigns from NASD Board of Governors, will Continue to Serve Small Firms in Consulting Capacity
April 23, 2007 -   Touting "China" Stocks Latest "Pump and Dump" Scheme, NASD Alert Says
April 16, 2007 -   NASD Alert Advises Investors to Consider Global Market Risk When Investing
April 11, 2007 -   NASD Hearing Panel Sanctions Former Knight Securities Executives for Supervisory Failures in Connection with Fraudulent Sales
April 10, 2007 -   NASD Warns Investors of the Risks Associated with Using Margin to Purchase Securities
April 05, 2007 -   American Library Association, NASD Investor Education Foundation Team Up to Promote Investor Education in U.S. Libraries
March 19, 2007 -   New, Improved NASD BrokerCheck Goes Live Online Today
March 16, 2007 -   Schapiro Announces Leadership and Structural Moves for New, Consolidated SRO
March 12, 2007 -   NASD Foundation Continues to Fund Investor Education for Native American Communities Through First Nations Development Institute Grant
March 02, 2007 -   NASD Foundation Announces Targeted Investor Protection Grant Program
February 22, 2007 -   NASD Investor Education Foundation Expands its Military Financial Education Campaign in 2007
February 22, 2007 -   NASD Investor Ed Foundation Announces 2007 General Grant Program Focusing on Investment Behavior and Retirement Income Security
February 21, 2007 -   NASD Fines Raymond James Financial Services, Inc. $2.75 Million for Lax Supervision of Producing Branch Managers
February 15, 2007 -   NASD Charges Two Former Prudential Brokers with Facilitating Hedge Fund Manager's Deceptive Market Timing in Variable Annuities
February 12, 2007 -   NASD Fines Scudder Distributors, Putnam Retail Management, AllianceBernstein for Improper Training and Education Expenditures
February 08, 2007 -   NASD Investor Alert Cautions Investors About Life Settlements
February 05, 2007 -   NASD Fines Four Fidelity-Affiliated Broker-Dealers $3.75 Million for Registration, Supervision and Email Retention Violations
January 31, 2007 -   Statement of NASD Chairman and CEO Mary Schapiro Regarding the Passing of Gordon S. Macklin, Former NASD President and NASDAQ Founder
January 29, 2007 -   NASD Fines Banc of America Investment Services, Inc. $3 Million for Failing to Comply With Anti-Money Laundering Rules in Connection With High Risk Accounts
January 24, 2007 -   SEC Approves New NASD Code of Arbitration Procedure
January 21, 2007 -   NASD Member Firms Embrace Streamlined, More Efficient Regulation
January 08, 2007 -   NASD Names New Government Affairs Team
January 08, 2007 -   NASD Unveils Free Arbitration Awards Online Database; Award Searches Now Faster and Easier