Finra
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.
Former Edward Jones Broker Barred for ‘Borrowing’ $60K from Client
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.
Even When Brokers Win Non-solicitation Battles, They Can Feel Like Losers
Despite two wins and a draw in the past two weeks, brokers sued by their former employers ended up paying bills.
Did You Hear the One About the Merrill Broker Who Became a Lead Generator?
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.
Weekend Update: Tarnished Broker Wins Expunge Bid; Morgan Stanley Vet Gets Marked Up
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.
Oft-Sanctioned Ex-Broker Kathleen Tarr Loses Expungement Request
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.
Finra Mulls Best-Interest Standard for Brokers: CEO
The self-regulator could step in if the SEC fails to mandate a stronger customer-care rule for brokers, Robert W. Cook said.
Fired by Wells, Veteran Broker Three Years Later Is Suspended by Finra
Former broker who kited checks and lost battle to keep $900K hiring bonus gets three-month time-out from industry regulator.