FINRA

The rep neglected to tell Wells Fargo that a 97-year-old client had named him as beneficiary and co-executor of her estate.

"Data analytics is critical," says FINRA's chief risk officer.

The regulator was looking into customer complaints and arbitration claims that rep engaged in unsuitable trading.

The award marks the largest of its kind this year.

The senior's investments were overly concentrated with as much as 95% of her portfolio invested at times in oil and gas master limited partnerships.

FINRA rejected the advisor's claims as the firm resolved two longstanding compliance issues.

Susan Axelrod will leave the self-regulator after 28 years on the job.

The advisor reportedly sold $48,500 worth of securities in a purported computer products wholesaler without disclosing the transactions to his then employer, J.P. Morgan Securities.

The rep used an unauthorized ATM card to withdraw $1,000 from a bank customer's account, FINRA claimed.

Two hundred fraudulent wire transfers were made over more than a decade, says the regulator.