New York - The Financial Industry Regulatory Authority (FINRA) today announced it has filed a proposed rule change with the Securities and Exchange Commission to have investor cases with claims of up to $100,000 in dispute heard by a single public arbitrator, an increase from $50,000.
News Releases & Statements
FINRA Announces Agreements in Principle with Five Firms to Settle Auction Rate Securities Violations
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has reached agreements in principle with, SunTrust Investment Services, Inc. and SunTrust Robinson Humphrey, Inc., both of Atlanta, GA, Comerica Securities, Inc. of Detroit, MI, First Southwest Company of Dallas, TX, and WaMu Investments, Inc., of Irvine, CA, to settle charges relating to the sale of Auction Rate Securities (ARS).
Lehman Brothers Holdings Inc. (LBHI) has announced its decision to file for protection under Chapter 11 of the U.S. Bankruptcy Code.
FINRA Advises Investors on How to Safeguard Their Brokerage Accounts
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) today announced that two former registered representatives, Peter D. Kelly and Daniel K. Ivandjiiski, have been barred from the securities industry for insider trading.
Washington, DC — The Financial Industry Regulatory Authority (FINRA) today launched a new series of Investor Podcasts that provides clear, unbiased information on a variety of financial issues in an easily accessible format.
Washington, DC — The Financial Industry Regulatory Authority (FINRA) announced today that it has barred two brokers from the Boca Raton branch office of the now defunct brokerage firm, SAMCO Financial Services, Inc. - and suspended a third broker for two years - for misconduct in connection with selling complex mortgage-backed securities called Collateralized Mortgage Obligations (CMOs) to retail customers.
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Barron Moore, Inc. of Dallas, TX and taken disciplinary action against seven individuals for violations arising from the illegal sale of unregistered penny stocks. Those sanctions range from fines and suspensions to permanent bars from the securities industry.
The nation's primary self-regulatory organizations for the securities industry - the Financial Industry Regulatory Authority (FINRA) and NYSE Regulation, Inc.- today announced an agreement with ten U.S. exchanges to strengthen investor protection by consolidating the surveillance, investigation and enforcement of insider trading in equity securities.
Washington, DC — The Financial Industry Regulatory Authority (FINRA) announced today that it has established a special process for resolving auction rate securities-based claims in its arbitration forum.