The Financial Industry Regulatory Authority announced a settlement with Raymond James Financial Services, Inc. over violations involving the reporting of customer complaints, WealthManagement reports. In a letter of acceptance, waiver and consent, FINRA said that...
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FINRA Compliance
FINRA fines, suspends ex-UBS broker for trading in deceased client’s account
A former broker for UBS was fined and suspended after he allegedly carried out unauthorized trades in a deceased client's brokerage account, AdvisorHub reports. The Financial Industry Regulatory Authority imposed a $5,000 fine on Newport Beach, California-based...
Former broker barred by FINRA for not providing information for investigation
The Financial Industry Regulatory Authority has barred a former broker who it says failed to provide information for one of its investigations, according to ThinkAdvisor. FINRA took the action against Michael Charles Grande, who was with Newbridge Securities Corp. in...
Broker-dealer fined $60,000 for failures to comply with Reg BI and Form CRS requirements
Illinois-based JVM Securities has been hit with penalties over violations involving compliance with Regulation Best Interest and Form CRS requirements, ThinkAdvisor reports. According to the Financial Industry Regulatory Authority's letter of acceptance, waiver and...
Regulatory notice reminds firms not to record FINRA calls or meetings
The Financial Industry Regulatory Authority has sent out a notice to members reminding them of the authority's policy that prohibits them from recording FINRA calls and meetings. Regulatory Notice 24-10 details the authority's guidelines in this area and emphasizes...
