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Fraud prevention
LPL strikes first buyback agreement after $26M settlement
Other states are likely to enter similar agreements with the broker-dealer.
Advisor gets prison for $4.7M fraud of NFL star
Cory Redding couldn't retire after the 2014 season and played another year to recoup some of his losses.
LPL fined $26M over advisors’ sales of unregistered securities
State regulators and the No. 1 IBD struck a settlement after investigators found the firm guilty of negligence and a failure to supervise.
SEC charges Wedbush botched supervision of broker in alleged fraud
The regional BD failed to properly document its own investigations in the matter, and couldn't answer some SEC questions about who knew what and when, the regulator says.
Warren, PIABA call for FINRA fund to pay arbitration awards
Citing mounting investor losses from unpaid arbitration awards, investor advocates see a role for Congress to force FINRA's hand.
Con artists pose as FINRA to scam clients
A recent scam involved a fake signature from FINRA CEO Robert Cook.
This time-saving trick gets advisors fired. Don’t do it
It’s a common practice but a dangerous one.
Ex-broker charged in $1.4M fraud to fund 'personal piggy bank'
A 75-year-old widowed retiree allegedly lost nearly half of her $3 million investment in the scheme.
FINRA chief warns industry to weed out high-risk brokers
Robert Cook said wealth management firms "must do their part."
