FINRA

The legislation re-introduced in Congress could give more clients the option of seeking damages through the courts.

Wealthy retail matriarch Beverley Schottenstein will accept less than the $10 million that FINRA ordered her two grandsons, former JPM brokers, to pay her for mismanaging her money.

Evan Schottenstein, without admitting or denying the findings, agreed to the sanction after FINRA concluded he wasn’t complying with its investigation.

The 37-year veteran advisor’s settlement with FINRA is the latest phase of a two-year saga involving a father-son team at an Indiana practice.

One former rep is responsible for more than 80% of the firm’s sales of the defunct LJM Preservation & Growth Fund.

Anthony Diaz began the sentence immediately after a hearing in which a victim said he should “rot in hell” for the felonies.

Impact investment manager Rachel Robasciotti and other advocates say the private proceedings are harmful to victims and helpful to firms protecting serial harassers.

Rule 11870 permits member firms to use them rather than obtaining an affirmative authorization from the client — in certain situations.

In most cases, assume that your "outside business" is not affiliated with your current employer.

The veteran FAs’ one complaint blotted their records for seven years.

Three recent criminal cases raise concerns that wealth managers and regulators aren’t detecting alleged fraud quickly enough or disclosing basic information about crimes and disciplinary problems.

The rare move to set aside the regulator’s ruling came more than a decade after the rep ran into trouble by adding notes about his client into a software program.

The rep reeled in at least a dozen victims to the complex scam even though he was suspended from the industry for a different case, according to investigators.

More than one-third of U.S. brokerage clients opened their first accounts in 2020, according to new research from the FINRA Foundation.

Using a Paycheck Protection Program loan to fund businesses outside your day job may be costly for brokers.

Following through on its staged approach to new advice standard, industry regulator expected to be less patient with the "laggards."

In the new Form CRS, firms must justify whether they place client assets in advisory or broker accounts.

Does a poor stock pick, for instance, constitute a sales practice violation?

A dead client, an advisor accused of murder and fraud, and an industry that didn’t see it coming.

Letters sent to reps ask for extensive information on why they applied for a loan, how funds were received and used, and all compensation under the federal program.