News Releases & Statements

WASHINGTON and NEW YORK—FINRA and the SIFMA Foundation today announced a new strategic alliance to expand access to financial education for young people nationwide.

WASHINGTON—As part of its commitment to expanding investors’ access to trusted information, FINRA announced today that its investor education content is now available on Zogo, a gamified financial learning platform.

WASHINGTON—In a continuing effort to empower investors with the tools and knowledge they need to make informed financial decisions and avoid fraud, FINRA announced today the launch of the Market Data and Investments Explorer, as well as enhanced Risk and Scam Meters.

WASHINGTON—At its meeting Sept. 29-30, the FINRA Board of Governors approved four rule proposals for filing with the SEC and received briefings on key initiatives, including FINRA's ongoing rule modernization efforts.

WASHINGTON—FINRA has fined Revere Securities LLC $800,000 for anti-money laundering (AML) and supervisory violations related to small-cap initial public offerings (IPOs) for foreign-based issuers. As part of the settlement, FINRA also required Revere to retain a third-party consultant to conduct a review of compliance with FINRA rules, obtain a report from the consultant with recommendations on how to remediate its supervisory procedures and systems, and implement those recommendations.

WASHINGTON—To kick-off World Investor Week (October 5-11), the FINRA Investor Education Foundation (FINRA Foundation) and Stanford Initiative for Financial Decision-Making (IFDM), released new research examining how the investment literacy of Americans, particularly risk-related knowledge, is tied to their decisions and financial outcomes.

WASHINGTON—The FINRA Investor Education Foundation (FINRA Foundation) and the Association for Financial Counseling and Planning Education® (AFCPE®) are excited to announce the selection of the 2026 cohort of the FINRA Foundation Military Spouse Fellowship. This year, 30 military spouses will take steps toward achieving their Accredited Financial Counselor® (AFC®) designation, setting the groundwork for meaningful careers in financial counseling.

WASHINGTON—FINRA has barred Rudy Anguiano of Chino Hills, CA, a former registered representative of LPL Financial LLC, from associating with any FINRA member firm in all capacities for conversion—the intentional and unauthorized taking of another person’s property—of $1,731,000 from two customers’ accounts into an outside business bank account.

WASHINGTON—FINRA has ordered American Portfolios Financial Services, Inc. to pay $1,232,939 in restitution, plus interest, to customers and has fined the member firm $400,000 for failing to reasonably supervise recommendations that customers sell unit investment trusts (UITs) before their maturity dates, which resulted in customers paying unnecessary costs and fees.

WASHINGTON—FINRA has fined UBS Financial Services Inc. (UBS Financial) $20 million for anti-money laundering (AML) violations.