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Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

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FCPA Blog Daily News

Entries in FINRA (20)

Friday
Dec082017

FINRA bars New York broker who cheated blind elderly widow

The Financial Industry Regulatory Authority barred a New York-based broker for churning the account of a blind elderly widow and recommending unsuitable investments.

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Monday
Nov272017

FINRA fines J.P. Morgan for thousands of HR due diligence failures

The Financial Industry Regulatory Authority fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct proper background checks on 8,600 new employees.

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Wednesday
Oct042017

FINRA bars former Goldman Sachs banker linked to 1MBD

Wall Street's independent regulator banned a former Goldman Sachs banker linked to a Malaysia sovereign wealth fund that was allegedly looted, after he said he wouldn't cooperate with the regulator's investigation.

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Wednesday
Sep272017

FINRA penalizes Morgan Stanley $13 million for failing to supervise salespeople

The Financial Industry Regulatory Authority (FINRA) said Wednesday it penalized Morgan Stanley Smith Barney LLC about $13 million for failing to supervise its representatives’ short-term trades of unit investment trusts.

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Monday
Jul102017

FINRA warns compliance officers (and others): Beware of fake online job interviews

Wall Street's independent regulator warned that people claiming to be involved in the hiring process for legitimate organizations are using Skype and similar apps to phish for personal information and money.

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Monday
Jun052017

Ex-Morgan Stanley trader hid Venezuela bond trades from compliance reviews

The Financial Industry Regulatory Authority (FINRA) barred a former Morgan Stanley representative for concealing the customers behind around $190 million in Venezuelan bond trades.

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Tuesday
Dec202016

FINRA fines Deutsche Bank Securities $3.25 million for deficient disclosures

Wall Street's independent regulator fined Deutsche Bank Securities Inc. $3.25 million Friday for failing to provide the same information to all users of its off-exchange trading system.

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Monday
Dec052016

FINRA fines Credit Suisse securities unit $16.5 million for ‘significant AML deficiencies’ 

The Financial Industry Regulatory Authority said Monday it fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering and supervision violations.

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Monday
Aug082016

FINRA fines Deutsche Bank $12.5 million for faulty hoots and squawks

The Financial Industry Regulatory Authority (FINRA) Monday fined Deutsche Bank Securities Inc. $12.5 million for sending out internal alerts that might contain confidential information traders and their customers could use.

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Tuesday
Jul052016

FINRA fines Deutsche Bank $6 million for missing and late trade info

Deutsche Bank Securities Inc. paid a $6 million fine for failing to provide complete and accurate trade data to FINRA and the SEC. It was the biggest fine the Wall Street regulator has imposed for so-called blue sheet violations.

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Thursday
Jun092016

FINRA penalizes Oppenheimer & Co. $3 million for selling risky ETFs to seniors

The Financial Industry Regulatory Authority (FINRA) Wednesday fined Oppenheimer & Co. Inc. $2.25 million and ordered the firm to pay restitution of more than $716,000 to some retail customers for selling them unsuitable high-risk investments.

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Tuesday
May242016

Former compliance officer sanctioned, Raymond James & Associates fined $17 million for AML failures

The Financial Industry Regulatory Authority (FINRA) fined a former AML compliance officer and suspended her for failing to conduct required due diligence and periodic risk reviews of foreign financial institutions.

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