FINRA takes enforcement of its regulations seriously, even when an alleged violation is unlikely to cause harm to clients. In two recent examples, the financial regulator fined and suspended brokers for actions related to their own private accounts. Are brokers...
FINRA
What do I need to know about FINRA?
The Financial Industry Regulatory Authority (FINRA) is a group focused on safeguarding the public from fraud and bad actors within the broker industry. They are not affiliated with the government, but instead operate as an independent organization. FINRA both writes...
FINRA dispute? What you need to know about arbitration.
Facing an allegation of misconduct from the Financial Industry Regulatory Authority (FINRA) is a serious matter. The allegation may trigger an investigation, which could lead to formal disciplinary action. This could ultimately result in a settlement or litigation....
Robinhood’s record-setting settlement with FINRA
Founded in 2013, Robinhood, a California-based financial services company, touts commission-free investing via a mobile app introduced two years after its inception. Many in the industry consider the company’s inception a turning point in popularizing retail trading...
FINRA in-person arbitration returns
For more than a year, face-to-face meetings were either not recommended or outright prohibited. As a result, private industry and government entities, in particular, found themselves forced to immediately adapt to an online world to provide alternatives to in-person...