FINRA

FINRA plans to unveil a new user interface for its central registration depository system on June 30.

The advisor told the client that she could pre-pay her advisory account fees at a discount by writing him a $7,400 check, FINRA claimed.

One of the arbitrators on the three-member panel should have been disqualified, according to the petition.

Before agreeing to settle a client’s complaint, advisors should look for this key clause in the contract.

The advisor was accused in a lawsuit in January of swindling a Georgia couple out of $330,000 in retirement savings.

The parade of ousted bank advisors continues, but unlike previous offenses, this time it involves far less money.

Robert Dekas claimed the firm breached its fiduciary duty by executing trades in unsuitable investments, says the regulator.

The broker used the funds to pay his mortgage, FINRA claimed.

While such an act may seem like career suicide, it can in fact be a move to do just the opposite, according to attorneys.

The fraudulent investments advertised guaranteed returns of up to 8% annually, the regulator says.