CEO Robert Cook spells out details of self-regulatory group’s plan for patrolling the beat, including doubling exams of suspect firms this year.
Broker who left to care for his children is entitled to his deferred compensation because “arbitration is not only about law, it also about equity and fairness,” Finra arbitrator wrote.
Wirehouse asks court for restraining order against a producing manager and partner who allegedly contributed 40% of their former branch’s production.
Finra also suspends a second broker who failed to notify Jones that he and his wife were beneficiaries of an elderly client’s account and estate.
Despite two wins and a draw in the past two weeks, brokers sued by their former employers ended up paying bills.
Finra suspends one former Merrill FA in Arizona who tried hawking clients’ names to another broker and a former associate in Georgia who took client-signature shortcuts.
AdvisorHub follows up on the cases of Kathy Tarr, who accumulated 42 customer complaints in two years, and ex-Morgan Stanley veteran Bryan Yeager who was dismissed at the end of March for formerly unexplained reasons.
Customer who won settlement over allegedly unsuitable private REIT investments persisted in opposing Royal Alliance’s bid to expunge case from its former broker’s records.
The self-regulator could step in if the SEC fails to mandate a stronger customer-care rule for brokers, Robert W. Cook said.
Former broker who kited checks and lost battle to keep $900K hiring bonus gets three-month time-out from industry regulator.