WASHINGTON -- The Financial Industry Regulatory Authority says five of the country's largest banks will pay $4.5 million to settle claims they used mu...
NEW YORK -- A financial regulator has fined Merrill Lynch $2.8 million for overcharging customers with fees and for failing to provide timely trade co...
I am no fan of the mandatory arbitration process imposed on investors by FINRA because investors usually lose or get a fraction of their losses.
I am often accused by brokers of being too hard on them. They say I cherry pick bad portfolios and there are many "hard working, honest brokers" who do the right thing for their clients. I used to believe it. I no longer do.
Joanne Bohnke is a 74 year old widow, hoping to make her $315,000 savings last longer than she does. She turned for advice, as most Americans unfortunately do, to her broker at Smith Barney.
An analysis conducted out of Sutherland Asbill & Brennan's Washington office shows the Financial Industry Regulatory Authority - the independent secur...
