Recent Posts
Statement from the Chief Public Health Officer of Canada on February 28, 2021
On February 28, 2021, Dr. Theresa Tam, Canada’s Chief Public Health Officer, issued the following statement on COVID-19.
FINRA Announces Interim Progress of Voluntary 529 Plan Share Class Initiative
$2.7 Million in Restitution to Customers; Two Matters Resolved Through Settlements and 17 Matters Resolved Through Cautionary Actions, Resulting in Remediation to Customers and Correction of Supervisory Deficiencies WASHINGTON—FINRA today announced initial results of its voluntary self-reporting 529 Plan Share…
FINRA Appoints Scott W. Anderson as Head of Market Regulation and Transparency Services
WASHINGTON—FINRA announced today that it has appointed Scott W. Anderson as Executive Vice President and Head of Market Regulation and Transparency Services. Anderson began his career at NASD, FINRA’s predecessor organization, and has 25 years of experience working on complex…
FINRA Sanctions Transamerica Financial Advisors, Inc. $8.8 Million for Supervisory Violations Related to Variable Annuities, Mutual Funds and 529 Plans
Firm Ordered to Pay $4.4 Million in Restitution to Approximately 2,400 Affected Customers WASHINGTON—FINRA announced today that Transamerica Financial Advisors, Inc. (TFA) has agreed to pay approximately $4.4 million in restitution to approximately 2,400 customers for failing to supervise its…
Maintaining Over $100 in Savings Linked to Increased Likelihood of Financial Stability in Lower Income Households
WASHINGTON, D.C. — As many Americans head into the holidays unemployed and behind in rent and utility bills, a new report from the FINRA Investor Education Foundation and SaverLife found that people who maintained more than $100 in savings were…
New Research: Global Pandemic Brings Surge of New and Experienced Retail Investors Into the Stock Market
WASHINGTON, D.C.— In a year when a pandemic gripped the world, beginning and experienced retail investors flocked to the stock market using taxable, non-retirement investment accounts, according to new research by the FINRA Investor Education Foundation (FINRA Foundation) and NORC…
FINRA Board Appoints Deborah Bailey and Kathryn Ruemmler as Newest Governors
WASHINGTON – The FINRA Board of Governors has appointed Deborah Bailey and Kathryn Ruemmler as new Governors. Bailey will serve as a public member, and Ruemmler as an industry member.
FINRA Orders Worden Capital Management LLC to Pay More than $1.2 Million in Restitution to Customers Whose Accounts Were Excessively Traded
Firm Also Fined $350,000 for Failing to Reasonably Supervise Recommended Securities Transactions and Other Violations WASHINGTON—FINRA announced today that it sanctioned Worden Capital Management LLC (WCM) more than $1.5 million, including approximately $1.2 million in restitution to customers whose accounts…
FINRA Publishes 2021 Report on FINRA’s Examination and Risk Monitoring Program
Report Combines and Replaces Annual Exam and Risk Monitoring Findings Report, Priorities Letter Washington, D.C. – FINRA today published the 2021 Report on FINRA’s Examination and Risk Monitoring Program to inform member firms’ compliance programs by providing annual insights from…
FDA Issues Emergency Use Authorization for Third COVID-19 Vaccine
The FDA issued an emergency use authorization (EUA) for the third vaccine for the prevention of coronavirus disease 2019 (COVID-19). The EUA allows the Janssen COVID-19 Vaccine to be distributed in the U.S for use in individuals 18 years of…
Vice President Kamala Harris Calls NASA Astronaut Victor Glover
In celebration of Black History Month, NASA astronaut Victor Glover welcomed Vice President Kamala Harris to the International Space Station for a virtual chat.
NASA Celebrates ‘Hidden Figure’ Mary W. Jackson With Building Naming Ceremony
On Friday, NASA celebrated the agency’s first African American female engineer, Mary W. Jackson, with a ceremony to formally name the agency’s headquarters building in Washington in her honor.
NASA Awards Launch Service Contract for TROPICS Mission to Study Storm Processes
NASA has selected Astra Space Inc. to provide a launch service for the agency’s Time-Resolved Observations of Precipitation Structure and Storm Intensity with a Constellation of SmallSats (TROPICS) mission.
Player’s Fantasy of a Scratch-off Win Comes True
Fantasy 5s game gives $50,000 top prize to Baltimore City resident While many people fantasize about having loads of money, that dream came true for a Baltimore City resident who played a Maryland Lottery scratch-off. The avid Lottery player recently…
20X The Cash Top Prize Goes to Hagerstown Man
Xtremely lucky Washington Country resident wins $50,000 Another top-prize scratch-off win goes to a Western Maryland player! A Hagerstown man has claimed the second of 10 $50,000 top prizes on the new 20X The Cash scratch-off that went on sale…
AG Ferguson releases I-940 Independent Investigation Inquiry Report
Report finds some investigations failed to involve non-law enforcement community representatives, a key requirement of I-940 rules
Ellicott City Man Left Speechless After Lottery Win
Claims $30,000 top prize on Lucky Bingo scratch-off Playing Lottery games was just a mundane weekly occurrence for a Howard County resident until he scored a $30,000 top prize on a Lucky Bingo scratch-off. The 31-year-old Ellicott City resident found…
