Stockbroker Misconduct and Investment Fraud Blog

FINRA Fines Brokerage Firm Janney Montgomery Scott

Philadephia, Pennsylvania-based brokerage firm Janney Montgomery Scott agreed to pay a $45,000 FINRA fine as a result of various rules violations. One of the violations involved FINRA’s finding that Janney Montgomery had purchased municipal...

Fidelity Fined for Excessive Bond Pricing

FINRA has fined Fidelity Brokerage Services LLC for charging unfair municipal bond prices to customers. Fidelity consented to FINRA’s findings that it charged excessive markdowns or markups on bond trades. This practice of gouging investors...

Citigroup Fined for Unfair Bond Pricing

FINRA fined Citigroup Global Markets Inc. for buying municipal bonds and corporate bonds for its own account from customers and/or selling municipal bonds and corporate bonds for its own account to customers at unfair and unreasonable prices...

Raymond James Fined TWICE for Bond Fraud

FINRA recently fined Florida-based brokerage firm Raymond James & Associates, Inc. on two separate occasions involving findings that Raymond James charged investors too much money for corporate bond and municipal bond trades. Raymond James is...