Posts Tagged ‘FINRA Rule 2090’
FINRA Regulators Scrutinize Robinhood
Is Robinhood safe for the average investor? FINRA regulators are creating trouble for broker-dealers that treat investors unfairly. After Robinhood suspended trading for investors, but not powerful hedge funds, regulators started asking questions. Today, they are eyeing the recent GameStop versus Wall Street drama for evidence that Robinhood failed to follow FINRA rules. What Does…
Read MoreFINRA Rules and Regulation: Did Your Broker Take Instructions from the Wrong Person?
FINRA compliance rules require that brokers and firms know who has the authority to make decisions regarding a securities account. Transactions in securities accounts must be authorized by the correct person — the principal owner of the account, or one of the account’s official signatories. Brokers must not take instructions from anyone else. There are…
Read MoreKenneth Wise: Clients Allege Elder Abuse
Kenneth Wise (CRD #: 1492642), a broker and an investment adviser registered with UBS Financial Services Inc., is facing multiple investor complaints, according to his BrokerCheck record, accessed on September 18, 2020. One of the complaints alleges that Mr. Wise allowed a third party to commit elder abuse on one of his clients. Keep reading…
Read More