FINRA proposed rule amendments to strengthen the general prohibition against borrowing and lending arrangements with customers, narrow certain exceptions to those prohibitions and enhance the notification requirements for approval of such arrangements.
News & Insights
193 News Results
A firm settled FINRA charges for placing transactions for customers directly with product sponsors, without recording such transactions in the firm's records or supervising their suitability.
FINRA settled charges with four firms for misrepresentations and supervision failures on their "fully paid securities lending" programs.
A broker-dealer settled charges with FINRA for excessive trading in accounts and incurring "substantial losses" for customers.
A broker-dealer and a former representative settled FINRA charges for suitability and supervisory failings concerning recommendations involving Unit Investment Trusts and preferred stock of a real estate investment trust.