finra

FINRA

2013 News Releases

December 26, 2013   FINRA Fines Barclays $3.75 Million for Systemic Record and Email Retention Failures
December 23, 2013   FINRA Solicits Comment on Comprehensive Automated Risk Data System (CARDS) Proposal
December 19, 2013   FINRA Fines Deutsche Bank Securities, Inc. $6.5 Million for Serious Financial and Operational Deficiencies
December 17, 2013   Two New Public Governors Appointed to FINRA Board of Governors, FINRA Creates New Investor Committee
December 16, 2013   FINRA Fines COR Clearing LLC $1 Million for Extensive Regulatory Failures
December 09, 2013   FINRA Fines Oppenheimer $675,000 and Orders Restitution of More Than $246,000 for Charging Unfair Prices in Municipal Securities Transactions and for Supervisory Violations
December 05, 2013   FINRA Orders J.P. Turner to Pay More Than $700,000 in Restitution for Unsuitable Sales of Leveraged and Inverse ETFs and for Excessive Mutual Fund Switching
December 03, 2013   FINRA Foundation Releases Military Financial Capability Survey
December 03, 2013   FINRA Bars Two Brokers for Stealing $300,000 From Elderly Widow With Diminished Mental Capacity
November 14, 2013   FINRA Names Mike Rufino Head of Member Regulation – Sales Practice, and Bill Wollman Head of Member Regulation – Risk Oversight and Operational Regulation (ROOR)
November 12, 2013   FINRA Releases Enhanced Version of BrokerCheck
November 12, 2013   Self-Regulatory Organizations Response to SEC for Strengthening Critical Market Infrastructure
November 06, 2013   FINRA Fines TD Ameritrade Clearing and SG Americas Securities a Total of $1.8 Million for Required Options Positions Reporting and Supervisory Violations
October 28, 2013   FINRA Issues New Investor Alert: Closed-End Fund Distributions: Where is the Money Coming From?
October 16, 2013   FINRA's Statement on PIABA's Expungement Study
October 14, 2013   Statement from Chairman and CEO Richard G. Ketchum on FINRA's Report on Conflicts of Interest
October 11, 2013   FINRA Issues New Investor Alert: Stock Up on Information Before Buying Stock
October 09, 2013   National Center for Victims of Crime, FINRA Foundation Release Taking Action: An Advocate's Guide to Assisting Victims of Financial Fraud
September 30, 2013   FINRA Seeks Cease and Desist Order Against John Carris Investments and CEO George Carris for Fraud
September 19, 2013   Board of Governors Authorizes FINRA to File Recruitment Compensation Proposal with the SEC
September 19, 2013   FINRA Issues Public Statement, Framework Regarding FINRA's Approach to Economic Impact Assessment for Proposed Rulemaking
September 17, 2013   FINRA Issues New Investor Alert: Private Placements—Evaluate the Risks Before Placing Them in Your Portfolio
September 12, 2013   FINRA Foundation Survey Reveals Over 80 Percent of Respondents Are Exposed to Financial Scams
August 22, 2013   FINRA Fines Morgan Stanley $1 Million and Orders Restitution of $188,000 for Best Execution and Fair Pricing Violations in Customer Bond Transactions
August 20, 2013   FINRA Warns Investors of Marijuana Stock Scams
August 16, 2013   Regulators Issue Joint Staff Review of Firms' Business Continuity and Disaster Recovery Planning
August 14, 2013   Military Spouses Receive Fellowships to Conduct Financial Counseling
August 06, 2013   Firms Elect Two Industry Governors to FINRA Board of Governors, New Public Governor Appointed
August 06, 2013   FINRA Issues New Investor Alert, Cold Calls From Brokerage Firm Imposters—Beware of Old-Fashioned Phishing
August 05, 2013   FINRA Fines Oppenheimer & Co., Inc. $1.4 Million for Sale of Unregistered Penny Stocks and Anti-Money Laundering Violations
July 22, 2013   FINRA Significantly Increases Transparency in the Mortgage-Backed Securities Market
July 11, 2013   FINRA Joins Exchanges in Fining Newedge USA, LLC $9.5 Million for Supervisory, Regulation SHO, and Books and Records Violations
July 01, 2013   FINRA Selects Morningstar for Re-Launch of Market Data Center
June 26, 2013   FINRA Fines StateTrust Investments $1 Million and Orders $353,000 in Restitution for Charging Unfair Prices in Bond Transactions
June 12, 2013   FINRA, SEC Warn Investors: Don’t Trade on Pump-And-Dump Stock Emails
June 11, 2013   FINRA Issues New Investor Alert, Alternative Funds Are Not Your Typical Mutual Funds
June 04, 2013   FINRA Orders Wells Fargo and Banc of America to Reimburse Customers More Than $3 Million for Unsuitable Sales of Floating-Rate Bank Loan Funds
May 29, 2013   FINRA Foundation Releases Nation's State-by-State Financial Capability Survey
May 22, 2013   Direct Edge Selects FINRA for Market Surveillance
May 21, 2013   LPL to Pay $9 Million for Systemic Email Failures and for Making Misstatements to FINRA
May 09, 2013   FINRA, SEC Issue Investor Alert on Pension or Settlement Income Streams
May 08, 2013   FINRA Fines Three Firms $900,000 for Inadequate Anti-Money Laundering Programs
May 07, 2013   National Crime Prevention Council and the FINRA Foundation Partner to Reduce Investment Fraud Among Consumers Nationally
May 02, 2013   Carlo di Florio Named FINRA's New Executive Vice President, Risk and Strategy
April 30, 2013   Jonathan S. Sokobin Named FINRA's Chief Economist
April 22, 2013   Susan Axelrod Named FINRA’s Executive Vice President of Regulatory Operations
April 16, 2013   FINRA Fines Merrill Lynch $1 Million and Orders Restitution of More Than $320,000 for Failing to Provide Customers Best Execution in Non-Convertible Preferred Securities Transactions
April 15, 2013   FINRA Files Complaint Charging John Thomas Financial, CEO Tommy Belesis With Fraud
April 11, 2013   FINRA Files Temporary Cease-and-Desist Order Against Success Trade Securities and CEO Fuad Ahmed to Halt Fraud
March 13, 2013   FINRA Foundation Study Finds No Rainy Day Savings Can Lead to Mortgage Problems
March 07, 2013   FINRA Bars Florida Broker for Unsuitable Recommendations and Unapproved Securities Transactions Involving 31 NFL Players
March 04, 2013   FINRA Fines Ameriprise and Clearing Firm $750,000 for Failing to Supervise Transmittal of Customer Funds to Third-Party Accounts
March 01, 2013   FINRA Foundation Military Spouse Fellowship Application Period Open From March 1-31
February 28, 2013   FINRA Investor Education Foundation and United Way Worldwide Announce More Than $1 Million in Grants to Support Grassroots Financial Education Projects
February 27, 2013   Steven J. Randich Named FINRA’s Chief Information Officer
February 21, 2013   FINRA Hearing Panel Dismisses Two of Three Causes of Action in Complaint Against Charles Schwab & Company
February 19, 2013   FINRA Fines Five ING Firms $1.2 Million for Email Retention and Review Violations
February 14, 2013   FINRA Issues New Investor Alert: Duration—What an Interest Rate Hike Could Do to Your Bond Portfolio
January 31, 2013   FINRA Investor Education Foundation and the American Library Association Announce $1.12 Million in Grants to Public Libraries to Support Financial Literacy
January 23, 2013   FINRA Seeks A Cease-and-Desist Order Against Westor Capital Group and its President for Misappropriation and Misuse of Customer Funds and Securities; FINRA Also Files Complaint Charging Westor and President
January 16, 2013   FINRA Launches Small Claims Telephonic Mediation Pilot Program
January 15, 2013   FINRA Foundation Issues Five Tips to Keep Your Finances From Going Off a Cliff
January 10, 2013   FINRA Issues Voluntary Interim Form for Crowdfunding Portals
January 08, 2013   2012: FINRA Year in Review