Tag Archives: FINRA

NASAA backs FINRA proposal to incentivize payment of arb awards, offers improvements

By John M. Jascob, J.D., LL.M. NASAA has offered support for a FINRA proposal that would use FINRA’s Membership Application Program to incentivize the timely payment of arbitration awards. NASAA believes that the proposed rule amendments represent a positive step … Continue reading

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FINRA Award: UBS & Broker Michael J. Keane to pay $805,000

Claim Alleges Michael J. Keane guilty of fraud, misrepresentation According to the Financial Industry Regulatory Authority (FINRA) website, a hearing panel has awarded a customer of UBS broker Michael J. Keane $805,120 in compensatory damages, plus interest. According to the … Continue reading

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Former Broker Jeffery Fanning Suspended From Industry By FINRA

Former Liberty Partners Financial Services broker Jeffery Fanning was recently suspended from the securities industry for six months by the Financial Industry Regulatory Authority (FINRA). Fanning allegedly failed to reasonably supervise potential excessive trading by other representatives at the firm. … Continue reading

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Registered Individuals Suspended by FINRA in March 2018 for Failure to Comply with FINRA Rules

According to FINRA Disciplinary actions for March 2018, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS   Kean Lynn Bouplon   Morgan … Continue reading

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FINRA Seeks to Streamline and Strengthen Outside Business Activities and Private Securities Transactions Rules

The Financial Industry Regulatory Authority recently published a Regulatory Notice requesting comment regarding a proposed new rule pertaining to registered persons’ outside business activities.  Among other things, the proposed rule would significantly alter a broker-dealer’s obligations with respect to a … Continue reading

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