FINRA has taken disciplinary actions against the following firms and individuals for violations of FINRA rules; federal securities laws, rules and regulations; and the rules of the Municipal Securities Rulemaking Board (MSRB).
The national options exchanges are closing at 1:00 p.m. Eastern Time (ET) on Friday, November 27, 2020 (the Friday after Thanksgiving), which will modify the exercise cut-off time for expiring options. FINRA reminds firms that pursuant to FINRA Rule 2360(b)(23)(A)(viii), if a national options exchange or The Options Clearing Corporation announces a modified time for the close of trading in
I am a suburban daughter who watched and felt helpless in stopping siblings from financially exploiting my parents. I had POA and was their health care agent. I warned their out of state financial advisor that my parents were targets of financial exploitation. Less than three months later, the advisor facilitated over 300K being diverted from my mother as an inherited IRA due to my fathers
November 2020
FINRA is conducting a review of firms’ systems and procedures for providing customers waivers and rebates available through Rights of Reinstatement1 (RoR) on mutual fund purchases.
As part of this review, FINRA will request that each firm that receives this information request respond to the questions below with respect to the period January 1, 2017 through June 30, 2020
Exemptive relief is granted based on representations that: although the MFP/MAP is deemed to be such by virtue of her appointment to the Firm’s Management Committee, she is not involved in the Firm’s municipal securities or municipal advisory business; although the MFP/MAP signed the $25 contribution check, she represents that the contribution was actually her husband’s and was motivated by his desire to support female political candidates, as evidenced by a pattern of small contributions to other female candidates; the MFP/MAP’s husband is not employed by the Firm or any of its affiliates; the MFP/MAP has obtained a refund of the contribution; and the Firm identified the contribution through its supervisory processes and has put additional processes in place to ensure the MFP/MAP will not be involved in municipal securities or municipal advisory business for two years from the date of the contribution.
A broker-deal firm’s anti-money laundering efforts may overlap with any number of other regulatory concerns. On this episode, the second in a two-part series, we’re looking at how AML may overlap with a firm’s efforts to protect senior investors from exploitation and fraud.
Use FINRA Gateway Reports to retrieve individuals at your firms by deficiency type.
We will explain:
How to use Columns to customize your view of the Active Individuals Roster
How to Group individuals at your firm by deficiency
How create a list of individuals by a particular type of deficiency
How to save as a Custom Report
Open and Navigate the Active Individuals Roster
Log in to
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt temporary Supplementary Material .17 (Temporary Relief to Allow Remote Inspections for Calendar Year 2020 and Calendar Year 2021) under FINRA Rule 3110 (Supervision) to provide member firms the option, subject to specified
Use FINRA Gateway Reports to pull up a list of individuals at your firm who have a particular Series exam.
