Washington D.C. - A Financial Industry Regulatory Authority (FINRA) Hearing Panel has barred John Edward Mullins a former registered representative with Morgan Stanley DW, Inc. for misappropriating $11,156.47 from the charitable foundation of a 97-year old
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has entered into final settlements with three additional firms to settle charges relating to the sale of auction rate securities (ARS) that became illiquid when auctions froze in February 2008.
Washington, DC — The Financial Industry Regulatory Authority (FINRA) announced today that in separate enforcement actions, it has permanently barred two brokers for running multi-million-dollar Ponzi schemes that victimized a wide range of investors — including elderly individuals, mentally and physically impaired individuals, church members and even family friends.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has barred Tamara Lanz Moon of Redwood City, CA, from the securities industry for wrongfully taking over $850,000 in funds from at least 22 customers, including her own father.
Washington, DC - The Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) have issued an Investor Alert called Leveraged and Inverse ETFs: Specialized Products with Extra Risks for Buy-and-Hold Investors warning retail investors of the risks associated with investing in these highly complex financial products.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Maximum Financial Investment Group, Inc. of Southfield, MI, for violations arising out of its retail foreign currency (forex) business, as well as for repeated violations of FINRA registration and related rules.
Washington, DC - Nearly 200 military spouses have been awarded the FINRA Investor Education Foundation's 2009 Military Spouse Fellowship to earn the Accredited Financial Counselor® (AFC®) designation.
Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has barred Richard L. Wood, a Miamisburg, Ohio, broker, from the securities industry for stealing a $90,000 inheritance two sisters received from a deceased aunt and using it for his own purposes.
Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) announced today that it has imposed a fine of $275,000 against Credit Suisse Securities (USA), LLC, for failing to comply fully with one of the key terms of the 2003 Global Research Analyst Settlement.
While nearly half of U.S. servicemembers are confident about their ability to retire comfortably, 22 percent are unaware of the Thrift Savings Plan (TSP) – the federal government’s equivalent of a 401(k) plan – according to a new survey funded by the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation.
