Finra
Ex-LPL Annuities Scammer Roger Zullo Barred from Industry
Boston-area broker who paid $1.9 million in fines and disgorgement in April to Massachusetts accepts bar from working in U.S. securities industry.
Ex-UBS Broker Ordered to Give Back $643K of “Forgivable” Loans
Arbitration panel said New York broker now with Merrill Lynch liable also has to cover his former firm’s legal fees in case.
Ex-Cambridge Recruiter Says He Was Fired for Whistleblowing
Jeffrey Evanello claims the independent broker-dealer retaliated after he raised concerns about self-dealing involving a senior executive.
Seasoned Edward Jones Broker Should Have Known Better, Finra Says
Regulator bars 30-year veteran in Washington State barred for failing to disclose that a client paid for her Egyptian vacation and named her daughter and grandson beneficiaries of his trust.
Finra Freezes Executive Pay as Revenue Declines
Six senior executives of the self-regulatory group took home more than $1 million in 2016, according to annual report, but salaries and promotions are frozen.
Finra Names Travelers Executive Bill Heyman as Chairman
Replaces Vanguard’s Jack Brennan, who took the oversight reins of the self-regulator as part of a corporate governance revamp last summer.
Morgan Stanley and Broker Handcuffed by Elder Abuse Finding
Finra arbitrators award almost $400,000 to estate of woman who claimed firm shouldn’t have let her write checks from her account and liquidate securities to pay a home-improvement fraudster.
Finra Proposes BrokerCheck Alert on ‘High-Risk’ Firms
CEO Robert Cook spells out details of self-regulatory group’s plan for patrolling the beat, including doubling exams of suspect firms this year.
Arbitrator to Colleagues in UBS Pay Case: Have a Heart
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.
Morgan Stanley Sues Connecticut Vets on Heels of Their Jump to Janney
Wirehouse asks court for restraining order against a producing manager and partner who allegedly contributed 40% of their former branch’s production.
Finra Proposes New Crackdown on Rogue Brokers
Highlighting the industry’s “few bad apples” risks casting shadow over its many responsible advisers but regulation builds investor confidence, CEO Cook says.