FINRA Identifies Energy Stocks as Latest "Pump and Dump" Scheme
News Releases & Statements
Washington, D.C. — The FINRA Investor Education Foundation has awarded a grant of $324,125 to the University of Central Florida to analyze how well investors understand the disclosure information presented with financial products—and how to make that information more meaningful to both retail and institutional investors.Formerly known as the NASD Investor Education Foundation, the FINRA Investor Education Foundation was established in 2003 and is the largest foundation in the United States dedicated to investor education.
Washington, D.C. — The FINRA Investor Education Foundation has awarded a grant of $432,850 to the National Bureau of Economic Research (NBER) to explore whether disclosure policies can be shaped to help individual investors better evaluate investment risks and consider mutual fund fees when making an investment decision. Formerly known as the NASD Investor Education Foundation, the FINRA Investor Education Foundation was established in 2003 and is the largest foundation in the United States dedicated to investor education.
Scottsdale, AZ — The Financial Industry Regulatory Authority (FINRA) announced today that registered personnel and other frontline staff now can learn about their compliance obligations when working with senior customers through the latest in FINRA's series of free, instructional webcasts.
Scottsdale, AZ — Financial Industry Regulatory Authority (FINRA) CEO Mary Schapiro today announced a new, voluntary emergency planning initiative aimed at helping small firms in times of crisis - the Small Firm Emergency Partner Program, which was developed in consultation with an industry working group and the North American Securities Administrators Association (NASAA). The program is designed to help two similar but geographically separated firms that use the same clearing firm establish a supportive partnership.
Scottsdale, AZ — The Financial Industry Regulatory Authority (FINRA) today announced the activation of the FINRA Firm Gateway - a comprehensive, web-based suite of compliance applications that makes it easier for registered firms to meet their compliance and regulatory reporting requirements.
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) today announced a settlement with Morgan Stanley & Co. to resolve charges that the firm's former affiliate, Morgan Stanley DW, Inc. (MSDW), failed on numerous occasions to provide emails to claimants in arbitration proceedings as well as to regulators - while representing that the destruction of the firm's email servers in the Sept. 11, 2001 terrorist attacks on New York's World Trade Center resulted in the loss of all pre-9/11 email.
Washington, DC — The Financial Industry Regulatory Authority (FINRA) announced today that its Board of Governors approved rule amendments designed to limit significantly the number of dispositive motions - more commonly known as motions to dismiss -- filed in its arbitration forum and to impose strict sanctions against parties who engage in abusive motions practices.
Washington, DC — The Financial Industry Regulatory Authority (FINRA) announced today it will offer incentives and special programs designed to promote mediation and educate potential parties about the benefits of its dispute resolution program during Mediation Settlement Month in October. During Mediation Settlement Month, parties mediating cases with FINRA will be able to do so at significantly reduced rates.
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) today announced the initiation of two new major regulatory sweeps intended to ensure that securities firms are using appropriate sales practices in their dealings with seniors and individuals nearing retirement. FINRA CEO Mary Schapiro announced the sweeps at the Securities and Exchange Commission's (SEC) Seniors Summit in Washington, D.C. "Our research shows that almost one in five seniors who lost money on an investment attribute that loss to being misled or defrauded," said FINRA CEO Mary Schapiro.