Speak To A Live Person:
888.302.4594

FINRA Rule Filings

Let Red Oak help take the mystery out of compliance. Reduce your risk, and stay up-to-date with our free compliance alerts.
 

Back to Compliance Alerts

FINRA News RSS Feed:

WASHINGTON - FINRA announced today that it has fined Morgan Stanley Smith Barney LLC $10 million for anti-money laundering (AML) program and supervisory failures that spanned a period of more than five years.

FINRA found that Morgan Stanley’s AML program failed to meet the requirements of the Bank Secrecy Act because of three shortcomings:

Posted: December 26, 2018, 5:00 am

Sixteen Libraries in Eight States Each Received $5,000 to Expand Personal Finance Collections and Educate Consumers About Financial Fraud

WASHINGTON – This holiday season, the FINRA Foundation is giving back to local libraries to help them provide resources to communities impacted by some of the nation’s most devastating and deadly natural disasters this year.

Posted: December 24, 2018, 5:00 am

Board Approves Rule Proposals, Reviews 2019 Budget and Appoints New Public Governor

WASHINGTON – FINRA’s Board of Governors met on Dec. 12-13 at FINRA’s offices in New York, where it approved two rule proposals—both related to the dispute resolution forum—and approved the organization’s 2019 budget.

Posted: December 21, 2018, 5:00 am

IPOs Included Facebook, Inc., General Motors Co., LinkedIn Corp., and Twitter Inc.

WASHINGTON - FINRA announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. for improperly selling shares in initial public offerings (IPOs) to industry insiders, including its employees’ immediate family members and customers who were brokers at other brokerage firms. Merrill Lynch will pay a $5.5 million fine, and disgorge $490,530 it earned as revenue from the sales.

Posted: December 20, 2018, 5:00 am

WASHINGTON – FINRA today published its Report on Selected Cybersecurity Practices - 2018, a detailed review of effective information-security controls at securities firms.

Posted: December 20, 2018, 5:00 am

UBS to Pay $15 Million Total Fine to FINRA, SEC and FinCEN

WASHINGTON - FINRA announced today that it has fined UBS Financial Services Inc. (UBSFS) $4.5 million and UBS Securities LLC (UBSS) $500,000 for failing to establish and implement anti-money laundering (AML) programs reasonably designed to monitor certain high-risk transactions in customer accounts. The high-risk transactions included foreign currency wire transfers at UBSFS, and transactions in low-priced equity securities, or “penny stocks,” at UBSS.

Posted: December 17, 2018, 5:00 am

WASHINGTON — The Securities and Exchange Commission (SEC), Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for the Compliance Outreach Program for Municipal Advisors.

Posted: December 13, 2018, 5:00 am

Second Annual Report Is the Latest Compliance Resource for Firms Resulting from FINRA360

WASHINGTON – FINRA today published its 2018 Report on FINRA Examination Findings, its second annual report detailing observations from recent exams of firms. The report is the latest resource FINRA makes available to firms as a result of its ongoing organizational improvement initiative, FINRA360.

Posted: December 7, 2018, 5:00 am

Military Spouse Fellows Support the Military Community as Accredited Financial Counselors® to Help Increase the Financial Capability of Military Families

WASHINGTON — The FINRA Investor Education Foundation (FINRA Foundation) has announced the recipients of the first annual awards to FINRA Foundation Military Spouse Fellows for outstanding service and dedication to military service members and their families.

Posted: November 15, 2018, 5:00 am

WASHINGTON – FINRA announced today that it has fined LPL Financial, LLC $2.75 million for complaint-reporting and AML program failures that spanned a period of more than three years.   

Posted: October 30, 2018, 4:00 am
 

Get Started