Washington, DC - The FINRA Investor Education Foundation (Foundation) launched its fifth general grant program today, formally inviting non-profit groups and researchers to apply for funding for projects that support its mission of providing Americans with the knowledge, skills and tools necessary for financial success.
News Releases & Statements
Washington, DC - Mari J. Buechner, president and CEO of Coordinated Capital Securities, Inc. (CCS) of Madison, WI, was elected today to a small firm seat on the Board of Governors of the Financial Industry Regulatory Authority (FINRA). She will serve out the term of Richard Goble, who resigned in July. That term will expire on July 30, 2010.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Citigroup Global Markets, Inc. of New York $300,000 for failing to reasonably supervise the commissions its brokers charged on stock and option trades. Although not part of the formal sanctions, the firm has offered to reimburse affected customers.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has imposed a $250,000 fine against J.P. Turner & Company, LLC of Atlanta, GA, for failing to have an adequate supervisory system designed to ensure that its registered representatives charged customers fair and reasonable commissions on stock trades.
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) announced today that it has reached agreements in principle with City National Securities (CNS), of Beverly Hills, CA, BNY Mellon Capital Markets, LLC of New York and Harris Investor Services, Inc. of Chicago, to settle charges relating to the sale of Auction Rate Securities (ARS).
Washington, DC - The Financial Industry Regulatory Authority (FINRA) today issued What to Expect When You Open a Brokerage Account, a step-by-step guide to help investors opening new investment accounts.
Washington, DC — Nearly 200 military spouses living in the United States and abroad have been accepted into the highly competitive Military Spouse Fellowship Program
Washington, DC - FINRA announced today that it imposed a $1.1 million fine on Banorte Securities International, Ltd. for unsuitable sales of Class B shares in off-shore mutual funds as well as failing to have adequate supervisory systems to monitor those sales.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined SunTrust Investment Services, Inc., $700,000 for supervisory violations relating to its fee-based brokerage business and to commissions on certain low-priced stocks.
Washington, DC - The Financial Industry Regulatory Authority (FINRA) today issued an Investor Alert to notify the investing public of the U.S. Treasury Department's Temporary Guarantee Program for Money Market Funds. The Treasury Department's program, which opened Sept. 29, protects money held in participating money market funds as of Sept. 19 if those money market funds "break the buck." A money market fund breaks the buck when its net asset value (NAV) falls below $1.00 per share.