The Financial Industry Regulatory Authority (FINRA), the watchdog for the securities industry, operates a Yelp or Angie’s List-style database called BrokerCheck. This powerful resource compiles accreditation, work history, and perhaps most importantly customer dispute history on all 650,000 or so registered financial advisors in this country.
FINRA NOVEMBER 2015 BROKER DISCIPLINARY REPORT
Regulators to Investors: Binary Options - Probably Not Your Best Option
"Safe Harbor" Rule Aims to Protect Senior Investors
FINRA September 2015 Broker Disciplinary Action
FINRA Proposal to Protect Investors 65 or over from Exploitation
Retail Investors Lost Billions in Non-Traded REITS
Regulatory Bodies Cast a Wary Eye on Structured Notes
The SEC’s Office of Compliance recently issued a Risk Alert concerning lapses in brokerage supervision and compliance controls on the sale of structured products - especially structured notes - to retail investors. Several months ago the SEC also issued a broader Investor Bulletin concerning structured notes. The Financial Industry Regulatory Authority (FINRA) has also repeatedly urged investors to be careful when considering structured products.
FINRA Disciplinary Action Report: August 2015
Wells Fargo Fined $500,000 over Structured Products
Aegis Capital Fined $950K for Penny Stock Violations
FINRA BROKER DISCIPLINARY ACTION REPORT: JULY 2015
Each month and again on a quarterly basis, the agency that regulates the financial industry, FINRA (Financial Industry Regulatory Authority), produces a detailed report that runs down all disciplinary actions recently taken against brokerage firms and brokers.
SEC Charges Former Aegis Broker Malcolm Segal With Ponzi Scheme
Check Out Your Financial Professional
Lawyers Who Know FINRA Arbitration
Investors: Has Your Broker Left You "Swimming Naked?"
REITs and the Perils of Investing in Them
Brokerage Fined $10M+ for Failure to Supervise Brokers
Brokerages Create Illusion of Fiduciary Duty Through Savvy Marketing
Misleading advertising prevalent among brokerage firms lulls investors into a false sense of security over their investments. They stop checking up on their accounts and their broker because they trust him or her; they’ve been told that is, along with access to information and expertise, the main reason to invest with him or her.