The Financial Industry Regulatory Authority has submitted a revised version of its proposal to reform the process for brokers expungement requests, according to a report by InvestmentNews. As we reported in May, the revisions were first approved by FINRA’s Board of...
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Month: August 2022
FINRA notice warns of digital signature forgery and falsification
The Financial Industry Regulatory Authority is reminding member firms of the importance of detecting instances of customer signatures being forged or falsified. In Regulatory Notice 22-18 issued last week, FINRA said it had received a number of reports of registered...
FINRA awards couple $6.8 million in dispute over financial planning practice
A Financial Industry Regulatory Authority arbitration panel ruled in favor of a Raymond James Financial Services executive and her husband in a dispute over their purchase of a financial planning practice, Financial Advisor reports. FINRA issued an arbitration award...
NY company pays $9 million settlement after being charged by SEC with failure to register
A convertible note dealer and its two owners have reached a settlement of over $9 million involving charges by the Securities and Exchange Commission, the SEC announced. The company, Manhattan-based Crown Bridge Partners, LLC, and its managing members Soheil and Sepas...
Wells Fargo wins appeal of ruling on FINRA arbitration process
A judge’s ruling that Wells Fargo Advisors manipulated the Financial Industry Regulatory Authority’s arbitration selection process has been reversed, reports InvestmentNews. In a 3-0 decision last week, the Georgia Court of Appeals overturned a ruling by Atlanta...