Washington, DC - The Financial Industry Regulatory Authority (FINRA) today is proposing the expansion of FINRA's Trade Reporting and Compliance Engine TM (TRACE TM) to include all asset-backed securities (ABSs), including mortgage-backed securities (MBSs) and collateralized debt obligations (CDOs).
News Releases & Statements
Washington, DC — The Financial Industry Regulatory Authority announced today that the Securities and Exchange Commission approved a major expansion of FINRA's Trade Compliance and Reporting Engine (TRACE) to include debt issued by federal government agencies, government corporations and government sponsored enterprises (GSEs), as well as primary market transactions in new issues.
Washington, DC - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Citigroup Global Markets, UBS Securities and Deutsche Bank Securities a total of $425,000 - and ordered the firms to make payments to customers that could total $420,000 - in connection with the firms' failure to adequately supervise communications with their customers in the initial public offering (IPO) of Vonage, LLC in May 2006.
Washington D.C. - A Financial Industry Regulatory Authority (FINRA) Hearing Panel has barred John Edward Mullins a former registered representative with Morgan Stanley DW, Inc. for misappropriating $11,156.47 from the charitable foundation of a 97-year old
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has entered into final settlements with three additional firms to settle charges relating to the sale of auction rate securities (ARS) that became illiquid when auctions froze in February 2008.
Washington, DC — The Financial Industry Regulatory Authority (FINRA) announced today that in separate enforcement actions, it has permanently barred two brokers for running multi-million-dollar Ponzi schemes that victimized a wide range of investors — including elderly individuals, mentally and physically impaired individuals, church members and even family friends.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has barred Tamara Lanz Moon of Redwood City, CA, from the securities industry for wrongfully taking over $850,000 in funds from at least 22 customers, including her own father.
Washington, DC - The Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) have issued an Investor Alert called Leveraged and Inverse ETFs: Specialized Products with Extra Risks for Buy-and-Hold Investors warning retail investors of the risks associated with investing in these highly complex financial products.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Maximum Financial Investment Group, Inc. of Southfield, MI, for violations arising out of its retail foreign currency (forex) business, as well as for repeated violations of FINRA registration and related rules.
Washington, DC - Nearly 200 military spouses have been awarded the FINRA Investor Education Foundation's 2009 Military Spouse Fellowship to earn the Accredited Financial Counselor® (AFC®) designation.