Firm Ordered to Pay Full Restitution of More Than $1 Million to Customers
News Releases & Statements
FINRA Sanctions Brookville Capital Partners $1.5 Million and Bars President Anthony Lodati for Fraud
WASHINGTON — The FINRA Investor Education Foundation issued a new research report, Non-Traditional Costs of Financial Fraud, which found that nearly two thirds of self-reported financial fraud victims experienced at least one non-financial cost of fraud to a serious degree—including severe stress, anxiety, difficulty sleeping and depression.
Program Helps Military Spouses Foster Their Own Careers and Maintain Financial Readiness in Military Communities
WASHINGTON — Now in its tenth year, the FINRA Investor Education Foundation's Military Spouse Fellowship Program has opened the application process for its 2015 class of military spouses. The FINRA Foundation Spouse Fellowship Program provides military spouse recipients with the education and training needed to earn the Accredited Financial Counselor® (AFC®) designation.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and United Way Worldwide are giving more than $1.5 million in grants to help low-wage families build financial stability, under the Financial Education in Your Community initiative.
Contribution to Provide Ongoing Support for Research and Education Aimed at Improving the Financial Capability of Individuals and Families Nationwide
WASHINGTON—The Board of Governors of the Financial Industry Regulatory Authority (FINRA) approved a $50,000,000 contribution to the FINRA Investor Education Foundation to provide continuing support for the Foundation’s innovative research and education efforts.
WASHINGTON—FINRA mourns the loss of former FINRA Governor Harvey J. Goldschmid. Goldschmid was a stalwart defender of the investing public and contributed immeasurably to FINRA’s mission of protecting investors and ensuring market integrity. Goldschmid was in FINRA’s inaugural class of governors following the formation of FINRA in 2007, and served on FINRA’s Board until 2014. He leaves an extraordinary legacy of dedication and service, which has held American investors in good stead. FINRA extends its deepest condolences to his wife Mary and their children.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that Erozan Kurtas will join the organization as Head of Advanced Data Analytics and Senior Vice President. Mr. Kurtas, who will report to Chairman and CEO Richard Ketchum and Executive Vice President for Regulatory Operations Susan Axelrod, will start at FINRA on February 23. Mr. Kurtas is currently Assistant Director, Quantitative Analytics Unit, Office of Compliance Inspections and Examinations (OCIE) at the Securities and Exchange Commission (SEC).
Revised: 4/29/15
FINRA issued a new report on cybersecurity, which details practices that firms can tailor to their business model as they strengthen their cybersecurity efforts.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and the American Library Association (ALA) have announced $1.8 million in grants to 21 recipients as part of the Smart investing@your library® initiative.