The Financial Industry Regulatory Authority (FINRA) reports that it has fined Summit Brokerage Services, Inc., an affiliate of the Cetera Financial Group, $880,000 “for supervisory failures, including approximately $558,000 in restitution to customers whose accounts were excessively traded by a former registered representative of the firm who was previously barred by FINRA.” According to FINRA,… Read More >>
FINRA to Overhaul Registration & Disclosure Systems
FINRA, the Financial Industry Regulatory Authority, reports that an overhaul of its registration and disclosure programs is beginning. That overhaul specifically includes the central registration depository (CRD), which is the licensing and registration system that FINRA operates for the U.S. securities industry, and which provides the basis for BrokerCheck, the online portal where investors and… Read More >>
