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Finra
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Investing in US Securities? Something is Stalking You …
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
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Investing in US Securities? Something is Stalking You …
Thought Leadership
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FinTech
FINRA Slaps M1 Finance with $850,000 Fine for Misleading Social Media Influencer Posts
The fine involves a marketing campaign by the fintech firm featuring 1,700 social media influencers.
According to the regulator, the social media posts did not accurately represent the firm's margin lending program.
Monday, 18/03/2024 | 18:57 GMT
by
Jared Kirui
Institutional FX
FINRA Levies $1.6 Million in Fine on Morgan Stanley for Supervisory Failures
The firm previously sanctioned by FINRA for similar supervisory lapsed in 2015.
The MSRB has been allocated $1.2 million of the $1.6 million fine.
Thursday, 15/02/2024 | 17:59 GMT
by
Tareq Sikder
Retail FX
Online Broker Fails to Catch Pump and Dump Schemes, FINRA Finds
It concerns anti-money laundering violations over a period of 6 years.
Monday, 12/02/2024 | 08:42 GMT
by
Damian Chmiel
Institutional FX
Goldman Sachs Grapples with Hefty FINRA Fine
The banking giant was fined $512,500 for not monitoring trades properly.
The penalty concerns wrongdoings that lasted for a period of 14 years, since 2009.
Wednesday, 07/02/2024 | 09:16 GMT
by
Damian Chmiel
CryptoCurrency
FINRA: 70% of Crypto Asset Communications Flout Regulations
Discrepancies include failure to differentiate between affiliate-offered and direct-firm crypto assets.
Over 500 crypto asset-related communications were scrutinized by the regulator.
Tuesday, 23/01/2024 | 18:10 GMT
by
Jared Kirui
Institutional FX
FINRA's 2024 Oversight Report Prioritizes Cybersecurity, Crypto, and Communications
This report focuses on market regulations and enforcement programs.
It includes a comprehensive cybersecurity checklist, urging firms to manage technology.
Tuesday, 09/01/2024 | 21:13 GMT
by
Jared Kirui
Retail FX
FINRA Taps Ex-BNP Paribas Executive for Top Surveillance Role
Talib will try to innovate FINRA's intelligence with a technology focus.
In the past, he worked for BNP Paribas in a similar position.
Thursday, 21/12/2023 | 17:09 GMT
by
Damian Chmiel
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Retail FX
FINRA Hits BofA Securities with $24 Million Penalty for Spoofing Breaches
BofA Securities neither admitted nor denied FINRA's charges.
The firm allegedly engaged in 717 instances of spoofing.
Thursday, 30/11/2023 | 17:33 GMT
by
Jared Kirui
Retail FX
News Nuggets | 9 November: Broadridge Expands Globally; DoJ Indicts Wall Street Trader
Also, FMA enforcers interim stop order; Parsonex settles with FINRA; SIMCrop merges with Axioma.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 09/11/2023 | 11:56 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 8 November: XS.com Launches Prepaid Card; Tradition to Pay $140,000 Fine
Also, Zodia Markets strengthens leadership; Ebury targets IPO and Bitget merges Web3 with CEX.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 08/11/2023 | 11:30 GMT
by
Damian Chmiel
Institutional FX
BGC Faces Regulatory Settlement for Supervisory Lapses
BGC's supervision shortcomings constituted a violation of FINRA rules.
The firm accepts sanctions, prompting a closer examination of the settlement.
Monday, 23/10/2023 | 12:26 GMT
by
Tareq Sikder
Retail FX
News Nuggets | 19 October: FINRA's Prop Trading Exemption; KuCoin's New Futures Platform
Also, Validus appoints Andrew Spence, and LSEG announces Q3 2023 results.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 19/10/2023 | 10:53 GMT
by
Finance Magnates Staff
Retail FX
Too Young to Trade? Fidelity's Age Oversight Costs Firm $900,000
The company neither admitted nor denied its wrongdoings.
However, it took steps to change options trading rules.
Tuesday, 03/10/2023 | 11:36 GMT
by
Damian Chmiel
Institutional FX
Merrill Lynch to Pay $6M to SEC to Settle Suspicious Activity Reports Charges
FINRA slammed a fine of $6M on Merrill Lynch for the same failure.
The private regulator previously fined Credit Suisse Securities and UBS Securities.
Tuesday, 11/07/2023 | 21:51 GMT
by
Solomon Oladipupo
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Institutional FX
FINRA Slaps $900k Penalty on Credit Suisse's US Subsidiary
FINRA has sanctioned the US subsidiary of the Swiss giant.
Accusations included inaccurate trade reports.
Monday, 26/06/2023 | 08:54 GMT
by
Damian Chmiel
CryptoCurrency
Canada Beats US, UK and China in Number of Gen Z Investors: FINRA
The study is based on a survey of nearly 2,900 Gen Z investors across the regions.
More than half of zoomers in the US are investors with crypto as their top choice.
Wednesday, 24/05/2023 | 22:18 GMT
by
Solomon Oladipupo
Institutional FX
Goldman Sachs Fined $3M for Mismarking 60M Short Sale Orders
The mismarking was caused by a coding error.
The global bank agreed to the fine without admitting or denying FINRA findings.
Wednesday, 05/04/2023 | 12:43 GMT
by
Solomon Oladipupo
Retail FX
News Nuggets | 5 April: BUS Offers Interest; FINRA Warns against Phishing
Also FINMA, Eventus, and PostFinance.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 05/04/2023 | 09:10 GMT
by
Finance Magnates Staff
Retail FX
FINRA Hits Webull with $3M Fine for Permitting Unqualified Options Traders
FINRA also faulted Webull's supervisory system.
The regulator has fined SageTrader, UBS Securities and others since the start of the year.
Thursday, 09/03/2023 | 21:32 GMT
by
Solomon Oladipupo
Institutional FX
FINRA Hits SageTrader with New $100k Fine for AML Failure
The violation allegedly occurred between April 2016 and December 2019.
FINRA fined SageTrader $775K for supervisory failures in July last year.
Wednesday, 08/02/2023 | 20:31 GMT
by
Solomon Oladipupo
Institutional FX
FINRA Slams $475K Fine on UBS Securities—Second in 4 Months
UBS released 41 reports between 2015 and 2019 allegedly containing inaccurate details.
The broker-dealer has agreed to settle without admitting or denying FINRA's findings.
Monday, 06/02/2023 | 16:41 GMT
by
Solomon Oladipupo
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Executives
FINRA Head of Enforcement, Jessica Hopper, to Exit after 18 Years
Hopper joined FINRA in 2004 as an Enforcement Attorney.
FINRA issued its largest financial penalty under Hopper's leadership.
Tuesday, 24/01/2023 | 22:13 GMT
by
Solomon Oladipupo
Institutional FX
FINRA Fines BGC Financial $175K for TRACE Reporting Errors
BGC reported the execution times in seconds instead of milliseconds.
The company agreed to settle with the self-regulatory agency.
Monday, 23/01/2023 | 08:53 GMT
by
Arnab Shome
Institutional FX
FINRA Fines Nomura Securites $125k for Miscalculating Its Net Capital
Nomura allegedly misclassified reverse repos with affiliate NSC as allowable assets.
FINRA has recently penalized Wells Fargo, Instinet and DBOT for various violations.
Monday, 16/01/2023 | 17:50 GMT
by
Solomon Oladipupo
Institutional FX
FINRA Fines Justly Markets (Formerly DBOT) $100K for Missing Records of 95M Orders
Justly Markets operated as DBOT during the period of the alleged violation.
The ATS firm's former third-party vendor deleted the records.
Thursday, 29/12/2022 | 21:28 GMT
by
Solomon Oladipupo
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