Registered Reps

Stung By Sharp Criticism, FINRA Vows Changes In Its Examination Protocols

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by ScottMartin     July 05, 2011      0.0 (0) Whether you blame Madoff or simply an impression that FINRA is "soft" on brokers, the regulator has promised deeper branch-level exams coming in the next few years.

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Auction-Rate Products Cost Raymond James $300 Million, But Morgan Keegan Dodges A Bullet

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by ScottMartin     June 29, 2011      0.0 (0) Raymond James has agreed to buy back $300 million in auction-rate securities to settle claims that its affiliates sold the instruments as being as good as cash, while a judge gave Morgan Keegan a pass.

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Former Morgan Philadelphia Boss Subject Of FINRA Probe

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by ScottMartin     June 10, 2011      0.0 (0) The mystery of why Morgan Stanley suddenly parted ways with its newly anointed Philadelphia complex chief awhile back now has a few more clues on the table.

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Due Diligence Fracas Widens As REIT Suitability Prompts Big FINRA Charges

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by ScottMartin     June 02, 2011      0.0 (0) David Lerner Associates is the center of FINRA's latest due diligence complaint, this time over the suitability of proprietary REIT securities that the regulator says were too aggressively sold and too lightly researched.

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Raymond James Disappointed By $1.7 Million Annuities Fine

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by ScottMartin     May 23, 2011      0.0 (0) A rep who was allegedly churning annuity sales in at least one elderly client's account has cost Raymond James $1.7 million for failing to supervise him, even though he's no longer their affiliate.

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