FINRA

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.

The reps join a slew of others who chose not to cooperate with FINRA investigations — at least 21 since 2017 — and therefore agreed to an automatic ban.

Dean Mustaphalli "deceived the clients that trusted him," New York Attorney General Barbara Underwood said.

The ability for consumers to access and share data in one place could transform financial advice.

The firm provided some 82,400 initial and annual privacy notices to customers that were not compliant and in some cases provided no notices at all, FINRA claimed.

Investment advisors and broker dealers have different “relationship models” with clients, the chairman says.

A pen and paper or more advanced methods of documentation can save financial advisors from a variety of troubles.

How technology could continue to disrupt financial planning.

The regulator will save members tens of millions of dollars by helping them verify advisors’ Form U4 financial disclosures, Robert Cook says.

Firms are required to verify their procedures are reasonable, but they also must tailor their supervision to individual advisors, and sometimes that means crafting higher level of oversight for some people.

Banks such as UBS aim to offer money managers refuge from jittery markets by combining bonds with more exotic options.

The rep processed a $9,850 wire request from an imposter posing as a customer, even after the customer called to say that the request was not genuine, FINRA claimed.