BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
FOLLOW US
FINRA Reports Disciplinary Actions Against 11 Firms, 28 Individuals
October 15, 2018
by Howard Haykin
In Disciplinary and Other FINRA Actions for October 2018, FINRA reported 11 cases (AWC's) involving member firms and 28 cases involving associated persons. FINRA also reported complaints against 8 individuals. Financialish will analyze some of the settled cases in upcoming posts.
INDIVIDUALS' CASES. Fines for cases involving individuals ranged from $5K to $15K, restitutions ranged up to $240K, and suspensions ranged up to 24 months. Five individuals were barred for refusing/failing to cooperate with FINRA investigations.
Among the topics covered in these cases are, the following:
- Loans / Gifts from Customers: AWC #2017054796901; AWC #2017054089101; AWC#2018058604201.
- Conversion of Elderly Customer Funds: AWC #2018059559101.
- Willful Failure to Update Form U4): AWC #2017055956501; AWC #2015047154001.
- Use of Unauthorized Discretion: AWC #2017053586401; AWC #2017054506902; AWC #2017054395501; AWC #2017055128101.
- OBAs or PSTs: AWC #2015048372201; AWC#2016049307701; AWC #2016050066401.
For details on any of these cases:
- Go to FINRA Disciplinary Actions Online, and refer to the Respective Case (AWC) Number.
- Go to October Disciplinary Actions, and refer to the Respective Case Number.
