The Financial Industry Regulatory Authority held its annual conference this week and among the main topics was the push to modernize the organization, according to a report by Financial Advisor. Over 30 sessions on trending topics were held at the event in Washington,...
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FINRA Compliance
Former Rockefeller Capital broker ordered to pay back nearly $2 million in dispute over bonus
Rockefeller Capital Management has won an arbitration decision that will enable it to claw back nearly $2 million from one of its former brokers who left the firm, AdvisorHub reports. A Financial Industry Regulatory Authority arbitrator ruled in favor of Rockefeller...
FINRA bars former Merrill edge manager accused of misappropriating client funds
A former financial advisor with Bank of America’s Merrill Edge unit has been barred from the industry under a settlement reached with the Financial Industry Regulatory Authority, according to AdvisorHub. Mario L. Martinez resigned from Merrill Edge in January while...
FINRA issues statement clarifying new proposed rule on outside business activities
The Financial Industry Regulatory Authority has issued a statement that seeks to clarify its new proposal that relaxes rules pertaining to brokers' outside business activities, ThinkAdvisor reports. FINRA Rule 3270 states, "No registered person may be an employee,...
FINRA arbitrators deny $10 million claim of former Osaic executive
The Financial Industry Regulatory Authority has denied the claims of a former Osaic executive who went to arbitration in his dispute with the firm, Financial Advisor reports. Jerome "Jerry" Murphy was the chief executive officer of FSC Securities Corp., owned by...
