Finra

Lawsuit Counter Claim: FINRA Actions Led to Fraud Accusations Against Non-Members

Financial Industry Regulatory Authority (Finra) is a non-profit organization which, through Congressional authorization, oversees the actions of broker-dealers and 634,000 member brokers who are involved in the securities markets. When one of its members violates its rules or securities laws, they sanction the firm or individual by imposing fines, disciplinary actions and, if egregious enough, …


Trump Administration Targets Class-Action Right in DOL Fiduciary Rule, but Other Legal Avenues Could Remain for Investors

Even before the Labor Department has finished its review of its fiduciary rule, the Trump administration has made clear that it is targeting a part of the measure that would make it easier for investors to pursue class-action lawsuits against financial advisers. The latest evidence is a DOL Field Assistance Bulletin released on Wednesday, that said that the agency would not bring enforcement …