Compliance Alerts

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FINRA Newsroom

FINRA Newsroom:

Thu, 9 May 2013 14:10:00 EDT

FINRA, SEC Issue Investor Alert on Pension or Settlement Income Streams

WASHINGTON — The Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) today issued an investor alert entitled Pension or Settlement Income Streams — What You Need to Know Before Buying or Selling Them.

Wed, 8 May 2013 09:08:00 EDT

FINRA Fines Three Firms $900,000 for Inadequate Anti-Money Laundering Programs

WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined three firms a total of $900,000 for failing to establish and implement adequate anti-money laundering (AML) programs and other supervisory systems to detect suspicious transactions.

Tue, 7 May 2013 12:00:00 EDT

National Crime Prevention Council and the FINRA Foundation Partner to Reduce Investment Fraud Among Consumers Nationally

Two organizations join forces to equip law enforcement and their communities with tools to prevent and report financial fraud

Thu, 2 May 2013 15:00:00 EDT

Carlo di Florio Named FINRA's New Executive Vice President, Risk and Strategy

WASHINGTON – The Financial Industry Regulatory Authority (FINRA) announced today that Carlo V. di Florio, currently Director of the SEC’s Office of Compliance Inspections and Examinations (OCIE), will join the organization as Executive Vice President, Risk and Strategy.

Tue, 30 Apr 2013 12:00:00 EDT

Jonathan S. Sokobin Named FINRA's Chief Economist

WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that Jonathan S. Sokobin, currently Acting Deputy Director, Research and Analysis in the Office of Financial Research at the U.S. Treasury Department, will join the organization as Chief Economist and Senior Vice President.

Mon, 22 Apr 2013 12:45:00 EDT

Susan Axelrod Named FINRA’s Executive Vice President of Regulatory Operations

WASHINGTON – The Financial Industry Regulatory Authority (FINRA) announced today that Susan Axelrod will become FINRA’s Executive Vice President of Regulatory Operations.

Tue, 16 Apr 2013 09:30:00 EDT

FINRA Fines Merrill Lynch $1 Million and Orders Restitution of More Than $320,000 for Failing to Provide Customers Best Execution in Non-Convertible Preferred Securities Transactions

WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $1.05 million for failing to provide best execution in certain customer transactions involving non-convertible preferred securities

Thu, 11 Apr 2013 11:10:00 EDT

FINRA Files Temporary Cease-and-Desist Order Against Success Trade Securities and CEO Fuad Ahmed to Halt Fraud

WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has filed a Temporary Cease-and-Desist Order (TCDO) to halt further fraudulent activities by Washington, D.C.-based Success Trade Securities, Inc. and its CEO & President, Fuad Ahmed

Tue, 9 Apr 2013 09:15:00 EDT