FINRA broker misconduct and investment fraud report from April & May 2016.
Stock Broker Complaints - Your Best Defense
For years a battle has been waged between investors (and their advocates - ie, attorneys) and the broker-dealer industry over whether brokers have a fiduciary duty to their clients. A fiduciary duty is a legal obligation to act solely and faithfully in another’s best interest, typically a client’s best interest. Brokerage firms however will often insist, during a dispute over misconduct or malfeasance, that they do not have such a duty; that they are rather simply order-takers executing the wishes of their clients.
FINRA Broker Disciplinary Action Report March 2016
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.
Lawsuits Mount over Investor Energy Stocks Losses
FINRA JANUARY 2016 BROKER DISCIPLINARY ACTION REPORT
FINRA DECEMBER 2015 BROKER DISCIPLINARY ACTION REPORT
Each month and again on a quarterly basis, the agency that regulates the financial industry, FINRA (Financial Industry Regulatory Authority), produces a detailed report of disciplinary actions recently taken against brokerage firms and brokers. This list of alleged wrongdoing and misconduct reads a lot like a police blotter on money matters. 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.
Fidelity Fined for Fake Broker Who Defrauded Senior Investors
What Investors Should Know about BrokerCheck
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.