WASHINGTON — The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation, the Filene Research Institute, and six local credit unions have launched a two-year research project to assess the long-term impact of an Employer Sponsored Small Dollar Loan designed to help employees avoid the high cost of payday lenders, establish or repair credit, and begin to save.
News Releases & Statements
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today a decision barring James Van Doren from the securities industry for unethical conduct involving money laundering and a scheme to deceive a friend's creditors and facilitate violations of law, including conspiracy to commit bankruptcy fraud. The ruling resolves charges brought by FINRA's Department of Enforcement in October 2014 and in its amended complaint.
Additional Transparency Covers About 20% of All Trading in National Market System Equities
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) today announced that expanded data on over-the-counter (OTC) trading in equity securities is now live, extending FINRA's trading-volume transparency to all of the OTC market.
To date, the helpline has fielded more than 4,200 calls, recovering over $1.3 million in voluntary reimbursements from firms since its launch in April 2015.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) today issued a regulatory notice providing guidance on member firms' responsibilities concerning the sale of pension income stream products, which typically are contracts that provide a lump-sum payment to a pensioner in exchange for the rights to future pension income payments.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) today issued an Investor Alert with answers to 10 commonly asked questions about required minimum distributions (RMDs) – the smallest amount you can withdraw each year from a traditional retirement savings plan once you've reached the mandatory age for making withdrawals, usually 70 1/2.
WASHINGTON — On the eve of April Fools' Day – which also happens to be the first day of Financial Literacy Month - the Financial Industry Regulatory Authority (FINRA) offers five tips to help investors avoid being tricked out of their money.
WASHINGTON — Granting power of attorney (POA) for your investments to someone you trust can be a useful way to manage your finances in the event you should become unable to handle them yourself. In a new Investor Alert, the Financial Industry Regulatory Authority (FINRA) offers 10 tips to help investors understand, create and prudently use a POA for investment account assets.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) and The Nasdaq Stock Market LLC (Nasdaq) announced today that they jointly censured and fined Wedbush Securities Inc. $675,000 for supervisory violations in connection with its handling of a client’s redemption activity and trading of leveraged exchange-traded funds (ETFs) that led to chronic fails to deliver in several ETFs for over two years.
WASHINGTON — Financial services firms' offerings of digital investment advice need sound governance and supervision, including effective means of overseeing suitability of recommendations, conflicts of interest, customer risk profiles and portfolio rebalancing, according to a