WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined StateTrust Investments, Inc. $1.045 million and sanctioned the firm's head trader, Jose Luis Turnes, for charging excessive markups and markdowns in corporate bond transactions and, 85, in particular, that operated as a fraud or deceit upon the customers.
News Releases & Statements
FINRA and the Securities and Exchange Commission (SEC) today issued an Investor Alert called Inbox Alert—Don’t Trade on Pump-And-Dump Stock Emails warning investors of a sharp increase in email-linked to “pump-and-dump” stock schemes.
FINRA is re-issuing this Alert to remind investors that while munis have historically been considered relatively conservative investments, they do, like all bond investments, carry risk.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined two firms a total of $2.15 million and ordered the firms to pay more than $3 million in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds.
WASHINGTON – The FINRA Investor Education Foundation (FINRA Foundation) today released the results of America’s State-by-State Financial Capability Survey.
JERSEY CITY, NJ and WASHINGTON, DC — Direct Edge®, the third largest stock exchange operator in the U.S., has agreed with the Financial Industry Regulatory Authority (FINRA), the independent, non-governmental regulator for all securities firms doing business with the public in the U.S., to provide market surveillance services on behalf of Direct Edge's two licensed stock exchanges.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it fined LPL Financial LLC (LPL) $7.5 million for 35 separate, significant email system failures, which prevented LPL from accessing hundreds of millions of emails and reviewing tens of millions of other emails.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) today issued an investor alert entitled Pension or Settlement Income Streams — What You Need to Know Before Buying or Selling Them.
WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined three firms a total of $900,000 for failing to establish and implement adequate anti-money laundering (AML) programs and other supervisory systems to detect suspicious transactions.