FINRA Financial News

21.08 / 21:09

CEO FINRA Finra names new head of enforcement

Finra said Monday that it appointed Bill St. Louis as head of enforcement, making him responsible for the agency’s 350 enforcement staffers in 11 offices across the United States.

17.08 / 19:11

COST Merit Action Strategy awards FINRA Finra arbitrators order former advisor to pay $664,901 for unsuitable options strategy

Finra arbitrators ordered a former financial advisor to pay more than $600,000 for recommending risky options strategies for a group of Alabama investors.

15.08 / 20:07

Government regulation SEC policies lawmakers US lawmakers FINRA Prometheum Broker US lawmakers press SEC and FINRA on Prometheum's broker-dealer approval

United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD).

14.08 / 19:33

SEC Action FINRA Finra adopts reforms to make it tougher for brokers to clear their records

Attorneys who represent investors in actions against brokerages and registered representatives are hopeful that expungement reforms Finra enacted late last week will make it harder for reps to clear their records of disputes.

26.07 / 15:29

Booking Citizens Orange country electronic FINRA Finra fines LPL $3M for failing to detect wire transfers that harmed clients

The Financial Industry Regulatory Authority Inc. Tuesday fined LPL Financial $3 million for falling down on its oversight of two financial advisors who pocketed $2.4 million from 13 clients, mostly senior citizens.

14.07 / 18:23

UPS Provident Booking SEC CEO Platform FINRA Brokerages want speedy SEC review of Finra remote supervision proposals

Brokerage firms want the SEC to speed up its review of Finra proposals that would allow them to permanently conduct remote supervision of their registered representatives.

07.07 / 19:01

COST Action Nov FINRA Finra expels brokerage for Reg BI violations

Finra expelled Monmouth Capital Management from the financial industry Friday for repeatedly committing trading and disclosure misconduct in violation of Regulation Best Interest.

05.07 / 16:43

UPS SEC Strategy penalty FINRA alt Finra dings Hightower with $353,000 penalty over alt sales

Finra penalized Hightower Securities, the broker-dealer arm of the eponymous aggregator of registered investment advisors, $353,200 at the end of last month as a result of alleged violations of industry rules in selling alternative investments, namely GPB Capital Holdings private placements and an alternative mutual fund, the LJM Preservation & Growth Fund.

03.07 / 20:05

COST UPS SEC CEO Software FINRA Finra posts net loss of $218.1 million for 2022

Finra posted a net loss of $218.1 million last year, primarily as a result of operating and investment losses, the regulator said.

24.05 / 07:17

regulation wallet SEC Wall Street Digital Asset FINRA Prometheum Prometheum subsidiary receives FINRA approval for digital asset qualified custody

Prometheum subsidiary Prometheum Ember Capital has received approval from the Financial Industry Regulatory Authority (FINRA) as a special purpose broker-dealer (SPBD) for digital asset securities. This approval allows Prometheum to custody digital asset securities on behalf of retail and institutional clients.

18.11 / 19:13

Blockchain Stablecoin Binance FINRA News Summary: FINRA Launches Crypto Comms Probe, Genesis Block Stops OTC Trading, Thodex Founder to Be Extradited to Turkey

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

18.11 / 13:59

Blockchain regulation us government advertisement FINRA FTX meltdown triggers FINRA into probing crypto comms

The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and services offered by them.

15.06 / 20:03

business coinbase Gemini FINRA FINRA may hire employees terminated from crypto firms: Report

The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move which could include scooping up employees recently terminated from crypto companies.

03.11 / 20:07

UPS Progressive SEC Action FINRA FINRA's Eileen Murray says government needs to regulate ESG for there to be a real transformation

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