Search Results for: FINRA
FINRA Issues New Investor Alert, Bitcoin: More than a Bit Risky
March 13th, 2014
The Financial Industry Regulatory Authority (FINRA) issued a new investor alert called Bitcoin: More than a Bit Risky to caution investors that buying and using digital currency such as Bitcoin carry risks. While speculative trading in bitcoins carries significant risk, there ...
LPL Financial fined millions
November 1st, 2018
The Financial Industry Regulatory Authority (FINRA), a not-for-profit organization dedicated to investor protection and market integrity in USA, has issued an announcement to inform that it has fined LPL Financial, LLC $2.75 million for complaint-reporting and AML program failures ...
Broker-Dealer to pay $2.75 million penalty
September 14th, 2018
The U.S. financial regulator Securities and Exchange Commission (SEC) announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and ...
Interactive Brokers to pay a $5.5 Million fine
August 21st, 2018
The Financial Industry Regulatory Authority (FINRA) has issued a press release to announce that it has fined Interactive Brokers LLC (Interactive) $5.5 million for Regulation SHO violations and supervisory failures spanning a period of at least three years. To ...
Things Are Lining Up Nicely For Gold And Silver
July 4th, 2018
Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality – that is, the annual decline in bullion demand from China and India once wedding season ends – and the internal structure of the futures markets, where ...
U.S. Regulatory Authority shuts Down $102 Million Ponzi Scheme
June 21st, 2018
The Securities and Exchange Commission (SEC) filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S. According to the SEC’s complaint, the defendants defrauded more ...
Statement on potentially unlawful online platforms for trading digital assets including coins and tokens in ICOs
March 8th, 2018
SEC has released a Statement on potentially unlawful online platforms for trading digital assets including coins and tokens offered and sold in so-called Initial Coin Offerings (“ICOs”). Below is the Statement as it was released: Online trading platforms have become ...
ETF vs. Mutual Fund: What’s the Difference?
March 6th, 2018
Exchange-traded funds (ETFs) and mutual funds are two of the most common ways for Americans to invest. And while the investment vehicles have some important similarities, they have some key differences. ETFs saw a record year of new investment ...
Institutional brokerage provider fined $1.5 Million
February 6th, 2018
The Financial Industry Regulatory Authority (FINRA) announced that it has fined Wedbush Securities Inc. $1.5 million for violating the Securities and Exchange Commission’s (SEC) Customer Protection and Net Capital Rules, and for related supervisory and books and records failures. ...
J.P. Morgan Securities fined $1.25 Million
November 22nd, 2017
The Financial Industry Regulatory Authority (FINRA) announced it has fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct timely or adequate background checks on approximately 8,600, or 95 percent, of its non-registered associated persons from January 2009 ...
