Finra
Morgan Stanley Wins $372,000 Stolen by Barred Boston Broker
Broker is slated to plead guilty later this month to charges he and a junior partner misappropriated around $500,000 from two clients.
Former Finra Regulatory Chief Axelrod to Join Merrill Lynch
Susan Axelrod, who oversaw enforcement and member services operations before stepping down in January, will be chief supervisory officer.
Morgan Stanley Wins Back Client Data and $475K from Broker Who Jumped
Washington State advisor at RBC who beat Morgan Stanley’s restraining order in court loses a battle to keep client data in arbitration.
Finra Bars Morgan Stanley Broker Who Has Cost Firm $2.5 Million…and Counting
Florida advisor made over 1,200 unauthorized trades between 2012 and 2016, regulator says.
Finra Shifts Firm Examination Criteria
Robert Cook sees more “risk-based” exams determined in part by business models instead of traditional “cycle” exams dictated by the calendar.
Finra Suspends Chief Compliance Officer Who Expunged Her Own Record
CCO took matters into her own hands after a former employer rebuffed her attempts to amend its explanation of why she was terminated.
Regulator Tells Ex-Morgan Stanley Star Ami Forte to Expect Churning Charges
Broker who allegedly defrauded wealthy client and cost her former firm a $34 million arbitration award is told to expect Finra charges involving excessive trading and suitability rules.
Million-Dollar Hilliard Broker Told to Return $445K to Elderly Client
Hilliard, Lyons and a Louisville advisor once ranked as one of the top young brokers in the U.S. allegedly made unauthorized, excessive and risky trades in octogenarian’s retirement accounts.
Beware Fraudsters Impersonating Regulators, Finra Warns
Fraudsters used Finra’s name, logo and the name of CEO Robert Cook to try to steal money from investors, self-regulatory agency warns in investor alert.
UBS Extracts $4 Million from Breakaway Broker
Large arbitration award for unpaid loan balances gives insight on why big brokerage firms have retrenched from lucrative signing and retention packages.
Broker Suing UBS in Whistleblower Case Wins Some Expungements
Craig Price wipes four auction-rate security complaints from his record while his wrongful termination claims against UBS proceeds.