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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
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NEWSLETTERS & ALERTS
Wall Street News
FINRA Impersonators Hit On Broker-Dealers
by Howard Haykin
Broker-dealers report that they’ve been getting suspicious telephone calls from persons claiming to work for FINRA and requesting various types of information from the firms.
- In one instance, a caller claiming to work for FINRA stating that she wanted to obtain the contact information of key firm personnel for an upcoming FINRA event. The imposter refused to provide any information about herself other than a bogus telephone number and phony finra.org email address.
- In another instance, several people at a firm were contacted by a woman seeking sensitive material who claimed to be a FINRA employee in the United Kingdom. The imposter provided the firm with a United Kingdom telephone number and an email address that used @finra.org.co.uk as the domain name.
FINRA RECOMMENDS … that firms use caution when receiving calls and emails purportedly from someone at FINRA requesting any type of information - confidential or otherwise.
- Before providing any information or responding to an email, firms should verify the identity of the caller or sender; when in doubt about the legitimacy of any communication, contact your Regulatory Coordinators directly.
- Always be leery of overseas telephone numbers or email addresses - FINRA does not use overseas telephone numbers or foreign email domains when contacting firms.
- Exercise similar caution before responding to any regulatory inquiry that purports to be from the SEC or any other regulator.