Paige Pierce retained her seat representing small firms on the Finra board in an election that concluded Wednesday. Pierce was one of three industry members elected to the Financial Industry Regulatory Authority Inc. board during the annual meeting of Finra ...

Finra last Wednesday fined and suspended a former LPL Financial rep who allegedly forged two customers’ signatures for fixed annuity contracts. The former rep, Joffre Salazar, was associated with LPL from 2016 to 2019, when he voluntarily resigned, according to ...

Paige Pierce has completed one three-year term on the Finra board representing small firms and is seeking reelection in part because she wants to help update the regulator’s rule book. “There’s still a lot more work to be done,” said ...

Finra is looking into brokerage firms’ practices related to options accounts. The Financial Industry Regulatory Authority Inc. announced Tuesday that it is launching an examination sweep probing the supervision, communications and diligence surrounding the opening of options accounts. The review ...

Finra arbitrators ordered Morgan Stanley & Co. to pay $640,747 to an investor for selling her Apple Inc. stock without her consent. The three-person all-public Financial Industry Regulatory Authority Inc. arbitration panel found Morgan Stanley liable for unauthorized trading, according ...

The SEC approved Friday a Finra rule designed to rein in brokerages with a history of misconduct or that employ a high number of registered representatives with disciplinary records. The rule imposes additional capital obligations on high-risk firms by requiring ...

The Financial Industry Regulatory Authority Inc. is probing Robinhood Financial CEO Vlad Tenev and co-founder Baiju Bhatt for not being licensed as registered brokers.  The online brokerage, whose highly anticipated initial public offering is slated for Thursday, disclosed in a filing ...

The Securities and Exchange Commission on Monday ordered 27 financial firms to pay a total of $910,092 in penalties in the first enforcement actions for compliance failures related to the client disclosure document known as Form CRS. The customer relationship ...

Bipartisan legislation that would prevent digital tokens from being defined as securities is the latest congressional effort to shape regulation of cryptocurrencies. Under the bill, the Securities Clarity Act, a digital token would be called an “investment contract asset” rather ...

Finra arbitrators ordered Pershing to pay $648,543 to three victims of R. Allen Stanford’s Ponzi scheme. The three-person, all-public panel ruled in a decision last Thursday that Pershing should have known that Stanford was perpetrating a massive investor rip-off when ...