Bill Singer has begun his monthly update of notable Financial Industry Regulatory Authority ("FINRA") cases. The first batch of enforcment cases contains a number of interesting regulatory allegations -- particularly for failed due diligence, inadequate electronic storage, mini-max offerings, and failure to obtain the required approval from FINRA to expand an existing member's business. You should monitor the updates over the next few days at http://RRBDlaw.com but here are some selected additions of interest:
It would have been an easy bit of adjudication by a FINRA arbitrator to find that a now-barred rep was the bad guy, that he victimized his clients and... Read On
The FINRA Regulatory Mule Kicks Defrauded Customers In the Head (BrokeAndBroker.com Blog) https://www.brokeandbroker.com/6852/finra-anderson-hard... Read On
In today's Blog we got a FINRA regulatory decision, a state court judgment, a bankruptcy, and a federal court action. As the legal matters now stand, ... Read On
When considering an appeal questioning FINRA's denial of an expungement request, the SEC seems to have approached its deliberation as a cat toying wit... Read On
A public customer filed a FINRA Arbitration Statement of Claim against Wells Fargo Advisors and asked for no less than $100,000 in damages. The arbitr... Read On