Arque Capital, Ltd. (CRD #121192, Scottsdale, Arizona) was censured and fined $50,000 for allegedly selling approximately $3.53 million in an alternative investment known as Renewable Secured Debentures to approximately 40 investors while providing investors with their sales kit, which included a brochure with misleading statements. FINRA's findings stated that as the managing broker/dealer for the […]

The Financial Industry Regulatory Authority (FINRA) recently suspended and fined a broker for a social media violation involving equity index annuities writes Elizabeth Festa in a recent article for LifeHealthPro. The registered representative publicly released videos through YouTube, sending out invitations to seminars and letters regarding bonus incentives that did not comply with FINRA’s rules, […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:” Success Trade Securities, Inc. (CRD #46027, Washington, DC) and Fuad Ahmed (CRD #2404244, Registered Principal, Washington, DC) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $100,000. Ahmed was fined $10,000, suspended from association with any […]

In an article from InvestmentNews.com, we learn that enforcement actions and fines by the Financial Industry Regulatory Authority Inc., or Finra,  jumped sharply in 2011, with the latter rising to $68 million, from $45 million in 2010, a new study shows. Much of that surge came from penalties for improper advertising. Finra filed 1,488 disciplinary […]