FINRA

The latest developments make columnist Bob Veres wonder whether he has fallen through a wormhole.

An adviser at the firm squandered the aging clients' retirement money on oil and gas investments and Puerto Rico bonds, their lawyer said.

The broker was terminated after a series of unauthorized transactions involving the accounts of customers of both BBVA and its affiliate bank, FINRA claimed.

The regulator rebuked the broker for excessive trading that generated more than $666,000 in commissions and fees and resulted in $397,000 in losses.

Organization takes the case "to put a spotlight on a bank that may have engaged in misconduct more significant than Wells Fargo's."

The former planner says she was wrongfully terminated and that she did not agree to settle with the wirehouse.

FINRA chided the rep for following through on trading instructions received via email from bank employees without confirming the transactions with the customers.

Morgan Stanley and Advisor Group are moving ahead with changes despite the possibility that the Department of Labor's regulation could be reversed.

FINRA barred the former J.P. Morgan rep for allegedly using customer debit cards to steal $1,002.

One barred broker borrowed funds from clients without approval, according to FINRA.

The regulator reprimanded Citizens’ retail brokerage for not amending reps' Forms U4 and U5 within 30 days of learning of complaints.

The brokerage industry’s watchdog would also want to play an active role in the design of a possible SEC fiduciary regulation, Robert Cook says.

Morgan Stanley, a previous employer, won $243,000 in an earlier arbitration case.

The arbitration award comes a month after the wirehouse had to pay a similar amount to clients stemming from the sale of debt from the island commonwealth.

A husband and wife alleged they were advised to cash out nearly $1 million of their pension money for risky investments, according to their lawyer in FINRA arbitration.

OSHA supports ex-broker Johnny Burris’ firing because he allegedly faked company letterhead. Burris says the bank approved the altered letter years before.

FINRA accused the rep of "structuring" transactions by making cash deposits into her personal savings account in amounts under the currency transaction reporting threshold of $10,000.

The regulator plans to ramp up scrutiny of bad brokers and electronic communications, among other new measures.

The regulator accused the rep of writing 38 checks totaling $46,280 from two personal J.P. Morgan bank accounts that it claims did not have sufficient funds to cover the checks.

The rep declined to provide the regulator with the documents and information it needed to assess allegations that he misappropriated bank customer funds.