A registered representative from Richmond, Va., was fined $5,000 by FINRA for violating the organization and his member firm’s rules with a customer loan.

The CFP Board has taken public action against six of its CFP certificants, including three revocations, two suspensions and a public letter of admonition.

A Vienna, Ga., man was barred from associating with any FINRA members after he was found to have helped a person obtain life insurance policies for a dead relative, according …  Read →

Two broker-dealers were permanently barred by the Financial Industry Regulatory Authority for their alleged role in multi-million dollar Ponzi schemes, including one that involved fictitious investments with NYLife Securities totaling $3.7 million.

A Washington state broker-dealer was barred from associating with FINRA members after investigators say he obtained more than $48,000 through unauthorized transactions in a relative’s variable annuity account.

A Connecticut man was found to have misappropriated a $1,2000 check from a client’s variable annuity company, leading FINRA to bar him from associating with any FINRA members.

An Ohio woman paid a $5,000 fine for pasting a client’s signature from a rollover form onto a new application for a variable annuity, according to FINRA records.

The woman, Debra …  Read →

A broker-dealer from New York was barred from associating with FINRA members after he submitted false insurance applications for fictitious customers, leading to him receiving $3,379,28 in commissions from an …  Read →

A federal appeals court denied a New Jersey broker-dealer’s appeal of a U.S. Securities and Exchange Commission ruling in a case over the man’s Form U4 filing, FINRA records show.

Douglas …  Read →

A group representing investment advisors is asking the U.S. Securities and Exchange Commission to keep the Financial Insurance Regulatory Authority (FINRA) from expanding its regulatory authority by getting involved in …  Read →