Finra

Robinhood Under Probe For CEO’s FINRA Non-Registration Status
Robinhood Under Probe For CEO’s FINRA Non-Registration Status
July 28, 2021  |  Regulation

Robinhood and CEO Vlad Tenev are under investigation after it was found out Tenev isn’t licensed by Wall Street regulator the Financial Industry Regulatory Authority...

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Robinhood Hit With Record $57M FINRA Fine + $12M Restitution
Robinhood Hit With Record $57M FINRA Fine + $12M Restitution
June 30, 2021  |  Regulation

Robinhood Financial LLC was hit with a record $57 million fine and also ordered to pay $12.6 million in restitution plus interest, according to a...

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Citigroup Fined $1.25M For Background Check Infractions
Citigroup Fined $1.25M For Background Check Infractions
July 29, 2019  |  Regulation

The Financial Industry Regulatory Authority (FINRA) has fined Citigroup’s global markets business $1.25 million for not performing background checks on thousands of non-registered employees for...

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For Cryptos, Waiting For (Regulatory) Godot?
For Cryptos, Waiting For (Regulatory) Godot?
June 19, 2019  |  Cryptocurrency

Amid the news this week that a new cryptocurrency would debut — that would be Facebook’s Libra, of course — might the regulatory landscape be...

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Morgan Stanley Fined By FINRA For Compliance Lapses
Morgan Stanley Fined By FINRA For Compliance Lapses
December 26, 2018  |  Regulation

Morgan Stanley, the U.S. Wall Street firm, was fined $10 million by the Financial Industry Regulatory Authority (FINRA)  for compliance failures. According to a report...

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Digital Money Platform Uphold Acquires JNK Securities
Digital Money Platform Uphold Acquires JNK Securities
June 27, 2018  |  Partnerships / Acquisitions

Digital money platform Uphold announced that it has reached an agreement to acquire New York Stock Exchange member JNK Securities Corp. If the deal is...

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Wells Fargo To Pay $3.4M Fine Over Complex ETPs
Wells Fargo To Pay $3.4M Fine Over Complex ETPs
October 17, 2017  |  Bank Regulation

The Financial Industry Regulatory Authority (FINRA) announced news on Monday (Oct. 16) that it has ordered Wells Fargo Clearing Services and Wells Fargo Advisors Financial...

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FinTech Mergers a-Plenty, While in Trump Era, Fewer Fines for Firms
FinTech Mergers a-Plenty, While in Trump Era, Fewer Fines for Firms
August 14, 2017  |  Regulation

On the regulatory front, last week saw a bit of news about mergers – actually, more than a bit. Specifically, the agreement for U.S. credit...

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Ponzi Schemes Are Alive and Kicking
Ponzi Schemes Are Alive and Kicking
April 04, 2017  |  Security & Fraud

The art of deceiving people out of money is nothing new. Dating back to the twentieth century with Charles Ponzi, Ponzi schemes have been used...

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