Washington, DC - The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Scottrade, Inc. $200,000 for violating pattern day trading margin rules and for extending credit to customers in violation of federal securities laws and banking regulations.
Washington, DC — The Financial Industry Regulatory Authority (FINRA) announced today that it has permanently barred Kirkland, WA, broker Rhonda Lee Breard from the securities industry for defrauding at least 38 clients of at least $8 million through a scheme that involved converting client funds to her personal use while sending falsified account statements to her customers.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that Susan Merrill, who has headed Enforcement at FINRA and one of its predecessor organizations for more than five years, is stepping down to return to private practice.
FINRA Continues Nationwide Initiative Investigating Broker-Dealers Engaged in Private Placements
Washington, DC - The FINRA Investor Education Foundation Military Spouse Fellowship Program has opened the application process for new fellows, and military spouses can apply until April 30, 2010.
Washington, DC - The National Adjudicatory Council (NAC) of the Financial Industry Regulatory Authority (FINRA) issued a ruling today dismissing charges that Kenneth Pasternak, former CEO of Knight Securities, L.P., and John Leighton, former head of the firm's Institutional Sales Desk, were responsible for supervisory failures in connection with alleged fraudulent sales to institutional customers.
Washington, DC - The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and United Way Worldwide (UWW) have announced nearly $1.5 million in grants to 12 recipients to extend the reach of community-based financial education programs across the country.
Washington, DC - Monday, March 1 marks a major expansion of the Financial Industry Regulatory Authority (FINRA) Trade Reporting and Compliance Engine (TRACE) - to include debt issued by federal government agencies, government corporations and government-sponsored enterprises (GSEs), as well as primary market transactions in new corporate debt issues.
The Chartered Institute for Securities & Investment (CISI), the ICMA Centre at the Henley Business School and the Financial Industry Regulatory Authority (FINRA) of the US announce that they have joined forces to support and enhance education, training and certification in financial compliance.
NASD would like to thank the committee for the invitation to submit this written statement for the record in support of H.R. 2179, the Securities Fraud Deterrence and Investor Restitution Act.
