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FINRA Updates Sanction Guidelines by Eliminating Suggested Fine Cap

October 18th, 2022 at 2:19 PM
The Financial Industry Regulatory Authority (FINRA) has updated its sanction guidelines used to determine the level of fines or penalties to impose on firms and their financial advisors. 
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SEC Charges 16 Financial Advisory Firms Over Recordkeeping Failures

October 17th, 2022 at 1:20 PM
The Securities and Exchange Commission (SEC) has charged 16 financial advisory firms over widespread failures by the firms and their employees to preserve electronic communications. 
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FINRA Suspends Former Morgan Stanley Advisor Over Unauthorized Trading and Texting

October 14th, 2022 at 1:05 PM
The Financial Industry Regulatory Authority (FINRA) has issued a two-month suspension and a $10,000 fine to a former Morgan Stanley advisor to settle claims pertaining to unauthorized trading and improper use of a personal phone to text clients. 
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SEC Charges Real Estate Developer with Fraud

October 13th, 2022 at 12:57 PM
The Securities and Exchange Commission (SEC) has charged a Texas-based real estate developer and two other individuals for operating a fraudulent real estate investment offering that generated at least $26 million from nearly 100 investors. 
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SEC Bars Merrill Manager For Defrauding Client

October 12th, 2022 at 3:46 PM
The Securities and Exchange Commission (SEC) has barred an Annapolis, Maryland-based Merrill Lynch managed for defrauding a client from 2016 to 2020. 
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SEC Fines Raymond James $500,000 Over Supervisory Failures

October 11th, 2022 at 2:04 PM
The Securities and Exchange Commission (SEC) has imposed a $500,000 fine on Raymond James over its alleged supervisory failures related to a former Tennessee-based advisor. 
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SEC Charges Former Business News Commentator with Misappropriation of Client Funds

October 10th, 2022 at 2:59 PM
The Securities and Exchange Commission (SEC) has charged James McDonald and his financial advisory firm, Hercules Investments, in connection with two fraudulent securities offerings. 
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SEC Charges Chicago Advisor Who Allegedly Misappropriated $683,000 of Investor Funds

October 7th, 2022 at 1:08 PM
The Securities and Exchange Commission (SEC) has charged a Chicago-based advisor who allegedly misappropriated $683,000 of investor funds. 
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Waddell & Reed Ordered to Pay $776,000 Over Reverse Churning

October 6th, 2022 at 2:48 PM
Waddell & Reed has agreed to pay nearly $776,000 to settle charges of misconduct over one of its wrap fee programs, according to the Securities and Exchange Commission (SEC). 
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Sparkster Ordered to Pay $35 Million Over Unregistered Crypto Asset Offering

October 5th, 2022 at 1:06 PM
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order against Sparkster and its CEO, Sajjad Daya, over an unregistered crypto asset offering that spanned from April 2018 through July 2018.
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LATEST NEWS AND ARTICLES

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July 13, 2026
FINRA Warns of Growing Risks From Finfluencers and AI-Driven Investment Content

Financial Industry Regulatory Authority (FINRA) regulators are raising concerns about the increasing influence of social media personalities and artificial intelligence (AI) on retail investors, particularly those managing their own investments without professional guidance.

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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.

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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.