FINRA

You asked. We answered. What is FINRA?

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#FINRA101

FINRA has fined Webull Financial LLC $4.2 million for failing to implement reasonably designed programs for anti-money laundering (AML), identity theft prevention and best execution. FINRA also ordered Webull to certify remediation of the deficiencies in its AML and identity theft prevention programs and retain an independent consultant to address its best execution program.

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FINRA’s Board of Governors met on Sept. 29-30 and approved four rule proposals for filing with the SEC and received briefings on key initiatives, including FINRA's ongoing rule modernization efforts.

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Now available: Three new and enhanced tools to help investors navigate the markets and recognize fraud.

➡️ The Market Data and Investments Explorer (MDIE) brings together market, product and company data with educational context to make market information and investing terms easier to understand.
➡️ The Risk Meter helps investors assess their susceptibility to investment fraud with a personalized fraud vulnerability rating and tips to strengthen their defenses.
➡️ The Scam Meter builds awareness of red flags and delivers insights into where an investor may benefit from additional vigilance.

Learn more about FINRA's free investor resources: bit.ly/47gP0GK

FINRA has fined Revere Securities LLC $800,000 for anti-money laundering (AML) and supervisory violations related to small-cap initial public offerings (IPOs) for foreign-based issuers. As part of the settlement, FINRA also required Revere to retain a third-party consultant to conduct a review of compliance with FINRA rules, obtain a report from the consultant with recommendations on how to remediate its supervisory procedures and systems, and implement those recommendations.

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