In a recent Wall Street Journal investigation, they analyzed records of approximately 550,000 stockbrokers, and identified 16 hot spots in the United States where troubled brokers tend to concentrate. The areas identified were clustered in these seven states: New York, New Jersey. Florida, Michigan, Arizona, Nevada, and California. The article sites in particular, Delray Beach, […]

The Financial Industry Regulatory Authority's (FINRA) 2013 fines and disciplinary actions are short of the 2012 totals. During the first half of 2013, FINRA reported $23 million of fines in its monthly "Disciplinary and Other FINRA Actions." However, during the first half of 2012, FINRA reported fines of broker-dealers and associated persons at $39 million, […]

The Financial Industry Regulatory Authority's (FINRA) 2013 fines and disciplinary actions are short of the 2012 totals. During the first half of 2013, FINRA reported $23 million of fines in its monthly "Disciplinary and Other FINRA Actions." However, during the first half of 2012, FINRA reported fines of broker-dealers and associated persons at $39 million, […]

The following information is from FINRA’s website under “Disciplinary Actions, March, 2012:"   Dominick Amadeo Zavaglia Jr. (CRD #5500264, Registered Representative, Miami, Florida)   submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for six months. The fine must […]

In a March 12th., 2012, article in InvestmentNews.com, Mark Schoeff, Jr., writes 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. The greatest proportion of that figure was penalties for […]