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By Melanie Waddell, AdvisorOne |
May 23, 2012
FINRA brought a record number of enforcement cases in 2011—approximately 1,500—and is on pace to bring just as many cases in 2012.
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By Melanie Waddell, AdvisorOne |
May 22, 2012
FINRA announced Tuesday that it has fined Citigroup Global Markets $3.5 million for providing inaccurate mortgage performance information, supervisory failures and other violations related to mortgage-backed securities.
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By Melanie Waddell, AdvisorOne |
May 1, 2012
The Financial Industry Regulatory Authority (FINRA) announced Tuesday that it has sanctioned Citigroup Global Markets, Inc; Morgan Stanley & Co.; UBS Financial Services; and Wells Fargo Advisors, a total of more than $9.1 million for selling leveraged and inverse exchange-traded funds (ETFs) without reasonable supervision and for not having a...
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By James J. Green, AdvisorOne |
April 12, 2012
The firm settled over failure to supervise research analysts who met with traders and clients, and to monitor possible subsequent firm and client trading, said FINRA's head of enforcement, Brad Bennett.
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By Janet Levaux, AdvisorOne |
January 25, 2012
The disagreements involved about 90 advisors out of the 5,000-plus that received $2.68 billion in retention-bonus payments after BofA bought Merrill Lynch in early 2009.
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By Marlene Y. Satter, AdvisorOne |
January 18, 2012
FINRA announced Wednesday that it has fined Citigroup Global Markets $725,000 for failure to disclose conflicts of interest in its research reports and research analysts' public appearances.
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By Marlene Y. Satter, AdvisorOne |
December 28, 2011
FINRA announced Tuesday that it has fined Credit Suisse Securities $1.75 million for violating Regulation SHO and failing to properly supervise short sales of securities and marking of sale orders.
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By Marlene Y. Satter |
December 23, 2011
FINRA has fined Barclays Capital $3 million for misrepresenting delinquency data and for inadequate supervision in connection with the issuance of RMBS.
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By Marlene Y. Satter, AdvisorOne |
December 15, 2011
FINRA announced Thursday that it has fined Wells Fargo Investments $2 million over sales of unsuitable reverse convertibles to the elderly and a failure to provide breakpoints on unit investment trust sales.
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By Janet Levaux |
November 29, 2011
FINRA said Tuesday that it sanctioned eight firms and 10 individuals and ordered restitution of more than $3.2 million for sales of private placements, including some issued by Provident Royalties and Medical Capital Holdings.
