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Current Disciplinary Actions

FINRA Sanction Guidelines
This document informs both the Enforcement and Adjudication processes.

File a Tip
File a regulatory tip if you are aware of improper practices or specific instances of abusive conduct.

Investor Complaint Center
If you believe you have been the subject of unfair or improper business conduct by a brokerage firm or broker, you may file a investor complaint with FINRA.

FINRA Statistics

Regulatory Enforcement

What's New

5.15.08

News Release

FINRA Fines Three Firms a Total of $1.6 Million for OATS Reporting and Supervision Violations

5.08.08

News Release

GunnAllen Financial Pays $750,000 to Settle Charges Involving Former Head Trader's Trade Allocation Scheme, AML & Supervisory Deficiencies, Additional Charges

4.30.08

News Release

FINRA's National Adjudicatory Council Affirms $5 Million Fine Against American Funds Distributors for Violating FINRA's Anti-Reciprocal Rule

Archive of Recent Announcements

About Enforcement & Market Regulation

Vigorous, fair and effective enforcement of federal securities laws and regulations is at the very heart of FINRA's mission. Federal law gives FINRA authority to discipline securities firms and individuals in the securities industry who violate the rules. We can fine, suspend or even expel them from the industry. More ...

About Adjudication

FINRA employs a fair system for disciplining firms and individuals who break the rules. We may take disciplinary action through a settlement, or issue a formal complaint. If a complaint is issued, the case is heard before a panel which is chaired by a professional hearing officer and includes two industry representatives. More ...