The Financial Industry Regulatory Authority has released its 2023 report on its examination and risk monitoring program, which is aimed at helping member firms bolster their compliance efforts. In a news release, FINRA said the comprehensive report reflects its...
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Month: January 2023
Former broker barred by FINRA for false statements about outside CBD business
A former broker for Advisor Group’s Woodbury Financial who made false statements about her outside business activities has been barred by the Financial Industry Regulatory Authority, ThinkAdvisor reports. The case involves broker Suzanne Charrin and her involvement in...
SEC awards $18 million to 3 whistleblowers for assistance in enforcement action
The Securities and Exchange Commission announced the latest awards in its whistleblower program, which provides monetary payments to eligible individuals who come forward with information about securities fraud or other wrongdoing. Three whistleblowers will be...
Massachusetts advisor sentenced to prison for stealing from his clients
A Massachusetts investment advisor who pleaded guilty to defrauding his clients and stealing from them has been sentenced to prison, according to InsuranceNewsNet. A federal judge sentenced 42-year-old James Kenneth Couture of Sutton to 100 months behind bars and...
CFP Board announces sanctions against 12 financial planners
The Certified Financial Planner Board of Standards has announced public sanctions against 12 current or former CFP® professionals who were found to have violated the profession’s ethical standards. The CFP Board’s sanctions, in order of increasing severity, included...
