FINRA Disciplinary Action Report for brokers and brokerage firms for August 2017
FINRA Broker Disciplinary Action Report March 2016
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. This long list of alleged wrongdoing and misconduct reads a lot like a police blotter. We strongly encourage any investor who suspects their broker and/or broker-dealer of having lost them money on dubious terms to at least skim this report to see if you recognize any names, schemes, products, or securities.
Securities industry watchdog, FINRA, has announced new rules which it hopes will help protect senior investors against financial exploitation.
A new proposal by FINRA will give older investors more protections. Brokerage firms will be able to temporarily hold accounts in which financial exploitation is suspected if the account holders are 65 years or older.