A broker-dealer settled charges with FINRA for causing customers to overpay in excess sales charges and fees on their accounts.
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FINRA amended its By-Laws to exempt certain transactions from the Trading Activity Fee. The exemptions apply to transactions conducted by a proprietary trading firm and that are effected on an exchange of which the firm is a member.
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.
A broker-dealer settled FINRA charges for failing to identify potential sales charge discounts on customers’ mutual fund transactions.
A formerly registered broker-dealer settled FINRA charges for failing to supervise the suitability of sales of variable annuities to customers.