News Release For Release: Monday, February 27, 2017 Contact(s): Ray Pellecchia (212) 858-4387 Nancy Condon (202) 728-8379 FINRA’s Academic Corporate Bond TRACE Data Product Goes Live WASHINGTON — FINRA today launched its new Academic Corporate Bond TRACE Data product, an enhanced historical data product available solely to institutions of higher education. The product supports and…
FINRA Hearing Panel Expels Red River Securities, LLC and Bars CEO Brian Keith Hardwick for Fraud; Ordered to Pay $24.6 Million in Restitution to Investors For Release: Tuesday, February 14, 2017 Contact(s): Michelle Ong (202) 728-8464 Nancy Condon (202) 728-8379 WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that a FINRA hearing panel…
FINRA Orders Purshe Kaplan Sterling Investments to Pay $3.4 Million in Restitution to Native American Tribe; Firm Also Fined $750,000 for Failures to Supervise WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that Albany, New York-based Purshe Kaplan Sterling Investments (PKS) will pay nearly $3.4 million in restitution to a Native American tribe,…
For Release: Thursday, February 9, 2017 Contact(s): Nancy Condon (202) 728-8379 Ray Pellecchia (212) 858-4387 WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that its Board of Governors has approved the promotion of Marcia E. Asquith to Executive Vice President, Board and External Relations. Jennifer Piorko Mitchell was promoted to Vice President, Corporate…
For Release: Wednesday, February 8, 2017 Contact(s): Michelle Ong (202) 728-8464 Nancy Condon (202) 728-8379 Action Taken on 35 of 51 Recommendations to Date WASHINGTON—The Financial Industry Regulatory Authority (FINRA) today released a status report on the recommendations made in the FINRA Dispute Resolution Task Force’s Final Report issued in December 2015. In July 2014, FINRA…
For Release: Wednesday, December 21, 2016 Contact(s): Michelle Ong (202) 728-8464 Nancy Condon (202) 728-8379 Matters Reflect FINRA’s Focus on Cybersecurity WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined 12 firms a total of $14.4 million for significant deficiencies relating to the preservation of broker-dealer and customer records in…
Thomas Gira Executive Vice President, Market Regulation New York, NY NOVEMBER 15, 2016 Good afternoon. Thanks John [D’Antona], for that introduction, and thanks to MarketsMedia for the invitation to talk with you today. It’s always a pleasure to be at a forum like this that’s focused on pressing equity market structure issues. And it’s particularly…
For Release: Thursday, February 2, 2017 Contact(s): Michelle Ong (202) 728-8464 Nancy Condon (202) 728-8379 Lawson Misused Customer Funds and Breached Fiduciary Duties as a Co-Trustee of a Customer Trust Account WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Phoenix-based Lawson Financial Corporation, Inc. (LFC) from FINRA membership, and…
For Release: Tuesday, January 3, 2017 Contact(s): Angelita Williams (202) 728-8988 Nancy Condon (202) 728-8379 Different Rules and Options Apply to Spouses and Non-spouses WASHINGTON — A popular retirement savings vehicle for generations of investors, Individual Retirement Accounts (IRAs) provide tax-advantaged ways for individuals to fund their retirement. Many Americans have opened their own IRAs,…
WASHINGTON — Distributed ledger technology (DLT), better known as the blockchain, has garnered significant interest in the securities industry, with many market participants indicating a desire for increased regulatory engagement as they explore the technology and its possible applications. In response, the Financial Industry Regulatory Authority (FINRA) today issued a report that discusses the use and…
