Compliance

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

The move is an early indication of how firms may react to the demise of the Labor Department regulation.

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.

The wirehouse's traders and salespersons misled and overcharged clients with regard to the securities, the regulator charges.

Other states are likely to enter similar agreements with the broker-dealer.

Keeping brokers and advisors on a separate regulatory track could preserve the “competitive advantage” that RIAs enjoy, says Schwab exec.

While a search is underway to replace Howard Plotkin, his duties are being handled by global Chief Compliance Officer David Lang.

Cory Redding couldn't retire after the 2014 season and played another year to recoup some of his losses.

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.

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

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

Howard Price III used the funds to make purchases at clubs, bars and restaurants, say regulators.

The firm has spent the last two years working to overcome various scandals.

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.

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

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.

Co-chiefs of the SEC’s Division of Enforcement tout a program aimed at repaying investors for excessive mutual fund fees as a new approach to curbing industry abuses.

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.