WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has censured and fined Merrill Lynch, Pierce, Fenner & Smith Inc. $500,000 for supervisory failures that allowed widespread deficiencies in filing hundreds of required reports, including customer complaints, arbitration claims, and related U4 and U5 filings, and for its failure to file the required reports.
News Releases & Statements
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that effective October 15, 2012, Greg Ahern will join FINRA as Executive Vice President for Corporate Communications and Government Relations.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that FINRA Vice Chairman Stephen Luparello, who has been at FINRA and one of its predecessor organizations, NASD, for more than 16 years, is leaving to join the WilmerHale law firm in Washington, D.C. Luparello's last day at FINRA will be October 7.
WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Rodman & Renshaw LLC $315,000 for supervisory and other violations related to the interaction between the firm's research and investment banking functions.
WASHINGTON - Fifty military spouses throughout the U.S. and overseas have been awarded the FINRA Investor Education Foundation's 2012 Military Spouse Fellowship.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) today announced that it has expelled WJB Capital Group, Inc. for misstating its financial records and for engaging in securities transactions while it was below its required net capital. FINRA also barred the firm's Chief Executive Officer, Craig A. Rothfeld, from the securities industry, and barred the firm's Chief Financial Officer, Gregory S. Maleski, from acting in a principal capacity.
WASHINGTON - The Financial Industry Regulatory Authority (FINRA) today announced the results of voting that took place at its 2012 Annual Meeting today in Washington, DC.
WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Biremis, Corp., formerly known as Swift Trade Securities USA, Inc., and barred its President and Chief Executive Officer, Peter Beck, for supervisory violations
WASHINGTON - The Financial Industry Regulatory Authority (FINRA) today marked its five-year anniversary since it was created in 2007 by the consolidation of NASD and the member regulation, enforcement and arbitration operations of the New York Stock Exchange.
The Alberta Securities Commission (ASC) and the U.S. Financial Industry Regulatory Authority (FINRA) announced today that they have entered into a Memorandum of Understanding (MOU) to promote and support greater cooperation between the two regulators.