FINRA has imposed a four-month suspension on Marco Antonio Daniel.
FINRA has censured and fined Macquarie Capital (USA) US$2.95 million. Find out why.
Putting clients’ insurance premium payments in the wrong account can land you in hot water, as one U.S.-based agent learned when FINRA came knocking.
Canadian regulators and SROs have said repeatedly that cracking down on advisors who take advantage of seniors citizens remains a top priority. A recent case from south of the border underscores why this is probably a good thing.
If you read as many FINRA decisions as Bill Singer, you’ll come across some real doozies.
Prior to a regulatory hearing, and without an adjudication of any issue, the Financial Industry Regulatory Authority (FINRA) accepted a letter of Acceptance, Waiver and Consent (AWC) submitted by Robert Head, a former General Securities Representative.
The North American Securities Administrators Association (NASAA) announced today that it has convened a working group consisting of state securities regulators and representatives of Financial Industry Regulatory Authority (FINRA), the Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Institute (FSI) to develop improved broker-dealer fee disclosure.
FINRA has fined Citigroup Global Markets Inc. $1.85 million for failing to provide best execution in approximately 22,000 customer transactions involving non-convertible preferred securities, and for related supervisory deficiencies for more than three years. FINRA also ordered Citigroup to pay more than $638,000 in restitution, plus interest, to affected customers.
FINRA has announced that the SEC has approved a new rule prohibiting firms and registered representatives from conditioning settlement of a customer dispute on—or otherwise compensating a customer for—the customer's agreement to consent to, or not to oppose, the firm's or representative's request to expunge such information from the Central Registration Depository (CRD) system.
FINRA has withdrawn from the SEC a proposed rule that would have required advisors to disclose recruitment bonuses in excess of $100,000, reports WealthManagement.com.