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CFTC Unveils New Guidelines to Reward Cooperation and Self-Reporting in Enforcement Actions

April 7th, 2025 at 2:07 PM
The U.S. Commodity Futures Trading Commission (CFTC) has issued a new advisory that formalizes how it will evaluate cooperation and self-reporting when determining penalties in enforcement matters. According to InvestmentNews, acting Chairman Caroline Pham announced the move as part of a broader shift in the agency’s enforcement posture, aimed at incentivizing faster case resolution and more reasonable penalties.
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LPL Financial Experiences Trading System Outage Amid Market Volatility

April 4th, 2025 at 11:49 AM
LPL Financial, the largest independent broker-dealer in the U.S., experienced widespread system outages on April 3rd, preventing advisors from executing trades for hours.
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FINRA Seeks Public Input on Rule Modernization

April 3rd, 2025 at 2:26 PM
The Financial Industry Regulatory Authority (FINRA) is conducting a comprehensive review of its rules and is soliciting feedback from industry participants. According to ThinkAdvisor, the review aims to modernize regulations, particularly concerning remote work and branch office requirements.
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Bybit Suffers Massive $1.5 Billion Crypto Hack Amid Security Concerns

April 2nd, 2025 at 3:04 PM
Bybit, a major cryptocurrency exchange, has fallen victim to a devastating security breach, resulting in the theft of approximately $1.5 billion in Ethereum.
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CFP Board Releases AI Ethics Guide for Its Certificants

April 1st, 2025 at 3:43 PM
The CFP Board has released a "Generative AI Ethics Guide" to address the growing use of artificial intelligence in financial advising.
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Margin Debt Hits Record Highs

March 31st, 2025 at 12:24 PM
Investors' use of margin trading has surged to unprecedented levels, with debit balances in margin accounts reaching a record $937 billion as of January 2025, according to FINRA.
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FINRA Arbitration Orders Stifel to Pay $133 Million Over Broker's Structured Note Strategy

March 28th, 2025 at 12:11 PM
A FINRA arbitration panel has ordered Stifel Financial’s retail broker-dealer to pay nearly $133 million in damages related to a structured note investment strategy promoted by Miami-based broker Chuck A. Roberts.
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FINRA Fines Robinhood $26 Million for Compliance Failures

March 27th, 2025 at 11:21 AM
According to Barron’s, FINRA has fined Robinhood Financial and Robinhood Securities $26 million for multiple rule violations, including failures in anti-money laundering compliance, inadequate supervision of trading technology, and misleading customer communications.
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Former Edward Jones Advisor Barred After Refusing to Cooperate with FINRA Investigation

March 26th, 2025 at 2:11 PM
A former Edward Jones advisor, James A. Bowman, has accepted an industry bar rather than cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into allegations that he reimbursed clients for losses in their accounts.
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Pennsylvania Investor Sues Captrust Over $360,000 Phishing Scam Loss

March 25th, 2025 at 1:00 PM
A Pennsylvania investor has filed suit against Captrust Financial Advisors, alleging the firm failed to act swiftly in stopping a scam that drained her retirement savings.
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LATEST NEWS AND ARTICLES

1783615970 Law
July 9, 2026
FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

A former regional branch manager at a broker-dealer has agreed to Financial Industry Regulatory Authority (FINRA) sanctions after the regulator found that he failed to supervise registered representatives who engaged in excessive trading and churning of customer accounts.

1783525964 Law
July 8, 2026
SEC Sanctions David Lerner Associates for Regulation Best Interest Violations

David Lerner Associates has agreed to settle Securities and Exchange (SEC) charges alleging violations of Regulation Best Interest (Reg BI) that resulted in unnecessary costs to retail investors, according to InvestmentNews.

1783434190 Law
July 7, 2026
Private Credit Funds Face Mounting Redemption Pressure as Investor Sentiment Shifts

A surge in investor redemption requests has intensified pressure on private credit funds, raising concerns about liquidity and long-term stability across the asset class, as reported by The Wall Street Journal.