News Releases & Statements

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FINRA to Launch Pilot Program to Evaluate All-Public Arbitration Panels
Washington, DC - The Financial Industry Regulatory Authority (FINRA) will launch a two-year pilot program later this fall that will allow some investors making arbitration claims to choose a panel made up of three public arbitrators instead of two public arbitrators and one non-public arbitrator, as is currently the norm.
FINRA, International Foundation Partner on Resources for Companies, Employees to Guard Against Early Retirement Seminar Scams
The Financial Industry Regulatory Authority (FINRA) and the International Foundation of Employee Benefit Plans today launched a partnership to broadly disseminate two online resources to help companies and their older workers protect themselves from early retirement scams.
FINRA to Conduct Special Election to Fill Vacant Board Seat
The Financial Industry Regulatory Authority (FINRA) announced today that Richard L. Goble, a member of the FINRA Board of Governors, has resigned, effective immediately.
FINRA Warns Investors About Compromising Important Assets in Uncertain Economic Times
Mary Schapiro, CEO of the Financial Industry Regulatory Authority (FINRA), expressed deep concern today that some investors may be trying to cope with rocky economic conditions by putting their most valuable assets at risk in an effort to raise cash quickly.
James P. Donovan Named FINRA Senior Executive Vice President
Washington, DC — The Financial Industry Regulatory Authority (FINRA) today announced the appointment of James P. Donovan as Senior Executive Vice President for Technology and Strategy. In addition to overseeing FINRA's corporate technology and strategy, Donovan is also responsible for registration and disclosure, market transparency facilities, member relations and FINRA's international program.
FINRA Warns Investors: Don't "Swipe" Out Your Retirement Savings With 401(k) Debit Cards
Washington, DC — The Financial Industry Regulatory Authority (FINRA) today warned investors about the potential pitfalls of using 401(k) debit cards to borrow money from their retirement funds. The introduction of the 401(k) debit card has made borrowing from a retirement savings account as easy as swiping and spending - a tempting convenience that can have significant repercussions on the card user's future retirement security.
FINRA Warns International Investors of Advance-Fee Fraudsters Misusing FINRA's Name and Impersonating FINRA Employees
The Financial Industry Regulatory Authority (FINRA) today issued an updated Investor Alert warning international investors about a new twist in advance-fee fraud involving low-priced US securities. Con artists have been misusing FINRA's name and impersonating FINRA employees in email communications in an apparent attempt to lend a false air of legitimacy to their schemes
FINRA Fines Three Firms a Total of $1.6 Million for OATS Reporting and Supervision Violations
Washington, DC - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined TradeStation Securities, Inc., E*Trade Securities, LLC and CIBC World Markets Corp. a total of $1.6 million for multi-year violations relating to FINRA's Order Audit Trail System (OATS) rules and related supervisory failures.
FINRA Seeks Comment on Proposals for Consolidated Rules Governing Financial Responsibility, Supervision, Books & Records, Investor Education
Washington, DC - The Financial Industry Regulatory Authority (FINRA) today posted Regulatory Notices seeking public comment on four proposals consolidating NASD and New York Stock Exchange (NYSE) rules for the new FINRA Rulebook.
FINRA Warns Job Seekers About Online Classifieds Scams Aimed at Identity Theft, Financial Fraud
Washington, DC - The Financial Industry Regulatory Authority (FINRA) today warned investors about a new scam involving online job classifieds that fraudsters use to carry out identity theft and financial fraud.