An organization of lawyers who represent investors says Finra’s budget surplus should go to help pay tens of millions of dollars in unpaid customer arbitration awards.

Kenneth Thom admitted to defrauding social media followers of more than $800,000 and faces up to five years in prison.

The order agrees with a magistrate judge’s recommendation last month that the court deny Stifel’s motion to vacate the award.

Investor advocacy group PIABA argues surplus FINRA funds should cover unpaid arbitration awards owed to defrauded clients ...

Finra wants to give brokerage firms more authority to pause suspicious transactions before investor money disappears. The industry self-regulator last week asked for public comment on a package of ...

FINRA enforcement actions spiked in the years after the 2008 credit crisis but have fallen steadily over the past decade.

The brokerage industry’s self-regulatory authority reversed a yearslong slide in the number of enforcement actions it resolved last year, according to a new analysis by the law firm Eversheds ...

The stock-trading app Robinhood was ordered to pay nearly $70 million Tuesday by financial regulators for misleading its customers, causing them to lose millions of dollars. A major player in the ...

In the enforcement action, FINRA imposed an $850,000 fine on a financial services firm, alleging that social media posts made by influencers on the firm’s behalf contained exaggerated, unwarranted, ...

Investor advocates think the money should instead go to clients who haven't been paid outstanding arbitration awards.

WASHINGTON, April 21, 2025--(BUSINESS WIRE)--FINRA announced today the launch of FINRA Forward, a series of initiatives to improve its effectiveness and efficiency in pursuing its mission. Modernizing ...

In a recent enforcement action in February, FINRA imposed a $75,000 fine on a brokerage firm, alleging that it failed to adequately supervise employees’ use of personal email for business-related ...