{"id":1368,"date":"2014-01-03T20:08:55","date_gmt":"2014-01-03T20:08:55","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/01\/finra_to_go_after_rogue_broker"},"modified":"2022-03-11T08:55:04","modified_gmt":"2022-03-11T14:55:04","slug":"finra-to-go-after-rogue-broker","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-to-go-after-rogue-broker\/","title":{"rendered":"FINRA to Go After Rogue Brokers, & Includes REITs, Municipal Bonds, & Frontier Markets Among Its Enforcement Priorities for 2014"},"content":{"rendered":"

\t\t\t\tThe Financial Industry Regulatory Authority is setting up a team made up of six members to look at stockbrokers with long records of investor complaints and violations, as well as those that engage in “cockroaching”<\/a>-which involves brokers moving among beleaguered firms. The crack down comes amidst pressure from lawmakers on Capitol Hill.<\/p>\n

According to an analysis of state securities records by The Wall Street Journal <\/em>last year, between 2005 and 2012 there were over 5,000 licensed securities brokers who had worked with at least or more firms that had been expelled by FINRA. The analysis also revealed that there were brokers who, even in the wake of being targeted by numerous arbitration claims or having declared bankruptcy more than once, have managed to keep working in the industry.<\/p>\n

FINRA announced this new initiative this week in a letter to approximately 4,180 broker-dealers that are registered with the SRO. It said it would use the Broker Migration model, a computerized analytic system, to look at brokers who have gone from an expelled brokerage firm to other firms. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority is setting up a team made up of six members to look at stockbrokers with long records of investor complaints and violations, as well as those that engage in “cockroaching”-which involves brokers moving among beleaguered firms. The crack down comes amidst pressure from lawmakers on Capitol Hill. According to an […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3739,3741],"tags":[],"class_list":["post-1368","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-finra","category-securities-fraud"],"yoast_head":"\nFINRA to Go After Rogue Brokers, & Includes REITs, Municipal Bonds, & Frontier Markets Among Its Enforcement Priorities for 2014 — Investor Lawyers Blog — January 3, 2014<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority is setting up a team made up of six members to look at stockbrokers with long records of investor complaints — January 3, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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