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FINRA Quarterly Review Podcast Highlights Cases of Misconduct

FINRA focused on cases highlighting conduct that violates FINRA rules in a January 2016 Quarterly Disciplinary Review podcast.

FINRA covered the following instances of misconduct committed by registered representatives during the review:

  • failing to promptly disclose outside business activities, including a 401(k) advisory business and serving on the board of directors for a college alumni club;
  • accepting a power of attorney without firm approval, accepting gifts from customers, borrowing customer funds, and improperly exercising discretion;
  • failing to properly disclose private securities transactions;
  • instructing customers to pre-sign forms, completing forms on behalf of the client, and submitting forms directly for processing;
  • committing research report violations; and
  • falsifying insurance coverage.

Primary Sources

  1. Transcript of FINRA Podcast - January 2016 Quarterly Disciplinary Review

Tags

Regulated Activities
Employee Matters
Sub-Activity
Outside Business Activities / Private Securities Transactions
Regulated Entities
Broker-Dealers
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA