The Financial Industry Regulatory Authority Inc. this week censured and fined a Los Angeles-based investment bank and broker-dealer, WestPark Capital Inc., $250,000 after it made material misrepresentations to clients in documents when selling promissory notes issued by its parent company. ...

Four more brokers have been penalized by Finra since October for incorrectly or inappropriately applying to federal loan programs for small businesses feeling economic pressure as a result of the Covid-19 pandemic. In January, the Financial Industry Regulatory Authority Inc. ...

The Financial Industry Regulatory Authority Inc. said Tuesday it sanctioned Aegis Capital Corp. $2.75 million for churning, or excessive trading in client accounts, from 2014 to 2018. Aegis Capital, which is based in New York and has 300 retail registered ...

Every investor has their own catalyst for engaging with the markets and starting to think about their long-term financial plans, whether it’s enrolling in their first 401(k), receiving stock options in a compensation package or just striking up a financial ...

The continued nuisance of firms and brokers that lose lawsuits and then run out on them is highlighted this month by the shuttering of a small broker-dealer based on Wall Street, Worden Capital Management, and its owner and CEO, Jamie ...

The Securities and Exchange Commission obtained an emergency court order freezing the assets of Ron Harrison, who runs Global Trading Institute in Ladera Ranch, California, along with the assets of the institute and of Harrison’s girlfriend, for allegedly carrying out ...

A former registered rep on Monday was ordered to pay $2.6 million in damages to his ex-wife in an arbitration claim that centered on margin, day trading and shorting stock. The broker, Barry Snyder, denied the allegations listed in the ...

The Financial Industry Regulatory Authority Inc. on Friday suspended for three months a former Merrill Lynch broker after it found that he didn’t report felony charges stemming from a 2020 arrest for marijuana possession. The broker, Shaiful Chowdhury, was arraigned ...

Finra is probing how brokerages use TikTok, Twitter, Instagram, Facebook and other social media platforms to land new customers. In an examination sweep launched this month, the Financial Industry Regulatory Authority Inc. will assess how firms utilize online “influencers” to ...

Finra this week suspended an institutional salesman for eight months and fined him $5,000 for fudging expense reports related to his commuting expenses riding a bus, according to a settlement released Tuesday. Anthony DeJohn was registered with BMO Capital Markets ...