The Difference Between FINRA Arbitration and Lawsuits
FINRA stands for the Financial Industry Regulatory Authority, an organization that provides certification standards for financial industry professionals and helps customers and consumers of financial products get help with scams, fraud, and other issues. One of...
Warning Signs that Your Financial Advisor is Churning Your Account
“Trade churning” is the name given to a practice that many financial advisors use to abuse their investors’ trust and rack up high bills. The Financial Industry Regulatory Authority (FINRA) has rules and regulations governing financial advisors and...
What to Do if You Suspect Your Broker is Fraudulent
Fraud is a problem in any industry, especially the financial industry. Classic fraud schemes like Ponzi schemes begin with a promise of an investment opportunity but often end with financial ruin and potential participation in a crime. Other schemes are subtler or may...
Warning Signs of Fraud During BrokerCheck
BrokerCheck is one of FINRA’s tools that help inform investors and help keep them aware of potential issues in the financial advising community. Not everyone claiming to be a broker or financial advisor has the proper certifications and licenses to qualify them...
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