Each month, 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. 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.
Massive Securities Fraud Scheme Busted by FBI
What You're Up Against in a FINRA Arbitration Panel
FINRA Disciplinary Action Report - September 2017
FINRA Disciplinary Action Report: August 2017
FINRA May Merge Securities Enforcement Programs
Philadelphia Ponzi Scheme in Italian Wine and Olive Oil
FINRA Disciplinary Action Report: April 2017
FINRA Disciplinary Action Report March 2017
FINRA Disciplinary Action Report January 2016
FINRA Disciplinary Action Report - October 2016
FINRA Disciplinary Action Report - September 2016
FINRA Disciplinary Action Report August 2016
FINRA Disciplinary Action Report July 2016
FINRA Broker Disciplinary Action Report: June 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.
Pro Athletes Targeted by Ponzi Schemes
Professional athletes offer fraudulent advisors, brokers, friends, and family an irresistible target for their schemes. The typical pro athlete is young and, as an investor, woefully unsophisticated. They also have a lot of money which needs investing. No wonder every few months or even weeks, we read another story about pro athletes getting swindled.
FINRA Broker Disciplinary Action Report: 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.