FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

FINRA Rule 8210 allows FINRA’s enforcement attorneys the authority to investigate matters under its regulatory purview. FINRA Rule 8210 requires a stockbroker or other registered person of the request to provide documents or information “with respect to any matter in [an] investigation, complaint, examination or proceeding.”

The subject matter of a FINRA investigation or inquiry can include almost anything relating to the brokerage industry or the financial advisor’s activities. FINRA regulatory rules allow for broad authority to investigate violations of FINRA’s rules and regulations including, Rule 2010 (a FINRA member “shall observe high standards of commercial honor and just and equitable principles of trade”). Under Rule 2010 FINRA can seek any documents or other information that FINRA believes is relevant to its inquiry. In 2013, FINRA announced in a regulatory notice that the scope of Rule 8210 had been clarified, stating that “all aspects of the relationship between a broker-dealer and its associated persons are potentially the subject of a Rule 8210 request.”

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty, and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

The post FINRA Bars Stockbrokers For Failing To Provide FINRA With Information May 2026 appeared first on Securities Arbitration Lawyers Blog.

For example, FINRA Rule 3240 governs borrowing and lending arrangements between registered investment advisors (RIAs) and customers of their member firm. For the most part, this type of borrowing and lending is disfavored. Indeed, it is strictly prohibited unless certain conditions are met. FINRA routinely bars members who improperly take loans or otherwise take money from customers.

However, in most cases, investors hire investment fraud attorneys to pursue their losses against the advisor and/or the brokerage firm through FINRA arbitration to recover those losses. In many cases, brokerage firms may be held liable for failing to supervise the financial advisor or other negligence. Silver Law Group has represented investors in FINRA arbitration to recover money from brokers who improperly borrow money from customers, invest customers in personal investments or projects and for breach of fiduciary duty when stockbrokers improperly serve as trustees or beneficiaries of a will or trust.

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our securities arbitration attorneys have represented investors in claims for theft, churning, improper outside business activities or selling away and other disputes against brokers and brokerage firms. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call us on 800-975-4345 to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

The post FINRA Suspends Registered Individuals For Violations Of FINRA Rules Failure To Provide Information May 2026 appeared first on Securities Arbitration Lawyers Blog.

Brokers and brokerage firms are obligated to satisfy all FINRA arbitration judgements, without any unreasonable or unwarranted delay. FINRA Rule 9554 allows FINRA to ensure that brokers and brokerage firms comply with the terms of securities arbitration awards.

What Is FINRA Rule 9554?

Under FINRA’s securities industry regulations, arbitration awards must be paid within 30 days of the date that the award was granted. If a broker or brokerage firm fails to comply with this requirement, then industry regulators can use FINRA Rule 9554 to take immediate enforcement action against them.

FINRA Rule 9554 allows for expedited suspension or cancellation of membership of any party that fails to comply with a FINRA arbitration award. Specifically, regulators are empowered to send the violating party a 21-day written notice that their securities industry membership will be revoked if they do not rectify the problem.

What Defenses Do Brokers Have Against A FINRA Rule 9554 Action?

Brokerage firms and stockbrokers primarily have four defenses to avoid expedited suspension under FINRA Rule 9554:

• They can prove that the arbitration award has already been paid in full.
• They can prove that they have reached a voluntary settlement on payment terms with the complaining customer.
• They can prove that they have taken further legal action, filing a claim to vacate or modify the award and that their motion to do so is still pending in the court; or
• They can prove that they have filed for bankruptcy or that this debt has already been discharged in bankruptcy.
• However, a financial advisor or brokerage firm cannot argue that they currently lack the “bona fide ability to pay.”

Rule 9554 is an important investor tool that helps maintain confidence in the securities arbitration process that claims will be satisfied. Unfortunately, many brokerage firms lack adequate insurance or are otherwise poorly capitalized and FINRA arbitration frequently exposes firms and individual financial advisors who fail to satisfy their financial obligations.

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

The post FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement May 2026 appeared first on Securities Arbitration Lawyers Blog.

For example, FINRA Rule 3240 governs borrowing and lending arrangements between registered investment advisors (RIAs) and customers of their member firm. For the most part, this type of borrowing and lending is disfavored. Indeed, it is strictly prohibited unless certain conditions are met. FINRA routinely bars members who improperly take loans or otherwise take money from customers.

However, in most cases, investors hire investment fraud attorneys to pursue their losses against the advisor and/or the brokerage firm through FINRA arbitration to recover those losses. In many cases, brokerage firms may be held liable for failing to supervise the financial advisor or other negligence. Silver Law Group has represented investors in FINRA arbitration to recover money from brokers who improperly borrow money from customers, invest customers in personal investments or projects and for breach of fiduciary duty when stockbrokers improperly serve as trustees or beneficiaries of a will or trust.

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our securities arbitration attorneys have represented investors in claims for theft, churning, improper outside business activities or selling away and other disputes against brokers and brokerage firms. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call us on 800-975-4345 to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

The post FINRA Suspends Registered Individuals For Violations Of FINRA Rules Failure To Provide Information April 2026 appeared first on Securities Arbitration Lawyers Blog.

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

FINRA Rule 8210 allows FINRA’s enforcement attorneys the authority to investigate matters under its regulatory purview. FINRA Rule 8210 requires a stockbroker or other registered person of the request to provide documents or information “with respect to any matter in [an] investigation, complaint, examination or proceeding.”

The subject matter of a FINRA investigation or inquiry can include almost anything relating to the brokerage industry or the financial advisor’s activities. FINRA regulatory rules allow for broad authority to investigate violations of FINRA’s rules and regulations including, Rule 2010 (a FINRA member “shall observe high standards of commercial honor and just and equitable principles of trade”). Under Rule 2010 FINRA can seek any documents or other information that FINRA believes is relevant to its inquiry. In 2013, FINRA announced in a regulatory notice that the scope of Rule 8210 had been clarified, stating that “all aspects of the relationship between a broker-dealer and its associated persons are potentially the subject of a Rule 8210 request.”

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty, and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

The post FINRA Bars Stockbrokers for Failing to Provide FINRA With Information April 2026 appeared first on Securities Arbitration Lawyers Blog.

Brokers and brokerage firms are obligated to satisfy all FINRA arbitration judgements, without any unreasonable or unwarranted delay. FINRA Rule 9554 allows FINRA to ensure that brokers and brokerage firms comply with the terms of securities arbitration awards.

What Is FINRA Rule 9554?

Under FINRA’s securities industry regulations, arbitration awards must be paid within 30 days of the date that the award was granted. If a broker or brokerage firm fails to comply with this requirement, then industry regulators can use FINRA Rule 9554 to take immediate enforcement action against them.

FINRA Rule 9554 allows for expedited suspension or cancellation of membership of any party that fails to comply with a FINRA arbitration award. Specifically, regulators are empowered to send the violating party a 21-day written notice that their securities industry membership will be revoked if they do not rectify the problem.

What Defenses Do Brokers Have Against A FINRA Rule 9554 Action?

Brokerage firms and stockbrokers primarily have four defenses to avoid expedited suspension under FINRA Rule 9554:

• They can prove that the arbitration award has already been paid in full.
• They can prove that they have reached a voluntary settlement on payment terms with the complaining customer.
• They can prove that they have taken further legal action, filing a claim to vacate or modify the award and that their motion to do so is still pending in the court; or
• They can prove that they have filed for bankruptcy or that this debt has already been discharged in bankruptcy.
• However, a financial advisor or brokerage firm cannot argue that they currently lack the “bona fide ability to pay.”

Rule 9554 is an important investor tool that helps maintain confidence in the securities arbitration process that claims will be satisfied. Unfortunately, many brokerage firms lack adequate insurance or are otherwise poorly capitalized and FINRA arbitration frequently exposes firms and individual financial advisors who fail to satisfy their financial obligations.

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

The post FINRA Suspends Stockbrokers for Failing to Comply with FINRA Arbitration Award or Settlement Agreement April 2026 appeared first on Securities Arbitration Lawyers Blog.

Brokers and brokerage firms are obligated to satisfy all FINRA arbitration judgements, without any unreasonable or unwarranted delay. FINRA Rule 9554 allows FINRA to ensure that brokers and brokerage firms comply with the terms of securities arbitration awards.

What Is FINRA Rule 9554?

Under FINRA’s securities industry regulations, arbitration awards must be paid within 30 days of the date that the award was granted. If a broker or brokerage firm fails to comply with this requirement, then industry regulators can use FINRA Rule 9554 to take immediate enforcement action against them.

FINRA Rule 9554 allows for expedited suspension or cancellation of membership of any party that fails to comply with a FINRA arbitration award. Specifically, regulators are empowered to send the violating party a 21-day written notice that their securities industry membership will be revoked if they do not rectify the problem.

What Defenses Do Brokers Have Against A FINRA Rule 9554 Action?

Brokerage firms and stockbrokers primarily have four defenses to avoid expedited suspension under FINRA Rule 9554:

• They can prove that the arbitration award has already been paid in full.
• They can prove that they have reached a voluntary settlement on payment terms with the complaining customer.
• They can prove that they have taken further legal action, filing a claim to vacate or modify the award and that their motion to do so is still pending in the court; or
• They can prove that they have filed for bankruptcy or that this debt has already been discharged in bankruptcy.
• However, a financial advisor or brokerage firm cannot argue that they currently lack the “bona fide ability to pay.”

Rule 9554 is an important investor tool that helps maintain confidence in the securities arbitration process that claims will be satisfied. Unfortunately, many brokerage firms lack adequate insurance or are otherwise poorly capitalized and FINRA arbitration frequently exposes firms and individual financial advisors who fail to satisfy their financial obligations.

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

The post FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement March 2026 appeared first on Securities Arbitration Lawyers Blog.

For example, FINRA Rule 3240 governs borrowing and lending arrangements between registered investment advisors (RIAs) and customers of their member firm. For the most part, this type of borrowing and lending is disfavored. Indeed, it is strictly prohibited unless certain conditions are met. FINRA routinely bars members who improperly take loans or otherwise take money from customers.

However, in most cases, investors hire investment fraud attorneys to pursue their losses against the advisor and/or the brokerage firm through FINRA arbitration to recover those losses. In many cases, brokerage firms may be held liable for failing to supervise the financial advisor or other negligence. Silver Law Group has represented investors in FINRA arbitration to recover money from brokers who improperly borrow money from customers, invest customers in personal investments or projects and for breach of fiduciary duty when stockbrokers improperly serve as trustees or beneficiaries of a will or trust.

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our securities arbitration attorneys have represented investors in claims for theft, churning, improper outside business activities or selling away and other disputes against brokers and brokerage firms. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call us on 800-975-4345 to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

The post FINRA Suspends Registered Individuals For Violations Of FINRA Rules Failure To Provide Information March 2026 appeared first on Securities Arbitration Lawyers Blog.

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

FINRA Rule 8210 allows FINRA’s enforcement attorneys the authority to investigate matters under its regulatory purview. FINRA Rule 8210 requires a stockbroker or other registered person of the request to provide documents or information “with respect to any matter in [an] investigation, complaint, examination or proceeding.”

The subject matter of a FINRA investigation or inquiry can include almost anything relating to the brokerage industry or the financial advisor’s activities. FINRA regulatory rules allow for broad authority to investigate violations of FINRA’s rules and regulations including, Rule 2010 (a FINRA member “shall observe high standards of commercial honor and just and equitable principles of trade”). Under Rule 2010 FINRA can seek any documents or other information that FINRA believes is relevant to its inquiry. In 2013, FINRA announced in a regulatory notice that the scope of Rule 8210 had been clarified, stating that “all aspects of the relationship between a broker-dealer and its associated persons are potentially the subject of a Rule 8210 request.”

Securities Arbitration Claims Against Barred Brokers

Even after a broker is barred from the industry or otherwise faces disciplinary action, investors can still pursue stockbroker misconduct claims against their financial advisor and/or their brokerage firms. Financial Advisors who have engaged in misconduct or otherwise violated FINRA rules or regulations frequently surrender their license rather than cooperate in a FINRA investigation. In the past, FINRA barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty, and other misconduct. While a bar from the securities industry can be a powerful piece of evidence for investors pursuing FINRA arbitration claims against their advisors and/or their brokerage firms, investors should work with experienced securities and investment fraud attorneys to help maximize their recovery.

FINRA arbitration is separate and distinct from FINRA’s regulatory obligations. In our experience, FINRA regulatory focuses on punishing the wrongdoers but rarely results in compensation for the victims. For investors who have been defrauded by a financial advisor or others, FINRA arbitration is frequently the best place to secure a recovery for losses.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.

The post FINRA Bars Stockbrokers For Failing To Provide FINRA With Information March 2026 appeared first on Securities Arbitration Lawyers Blog.

During his tenure with B. Riley and its predecessor National Securities Corporation, Kavinsky prepared consolidated account statements for his customers. Many of his customers were seniors, and these consolidated statements provided them with an overview of their financial holdings.

B. Riley discharged Kavinsky on May 16, 2024, for failing to follow the firm’s procedures for customer statements. FINRA began its investigation based on the Uniform Termination Notice for Securities Industry Registration (Form U5) it received from B. Riley on June 13, 2024.

FINRA found that from at least March of 2020 through April of 2024, Kavinsky produced over 190 bogus account statements for at least eight customers. In them, Kavinsky overstated the customer’s account balances. This led his customers to believe they had more money than the accounts held. Kavinsky also falsely claimed bogus investments in a hedge fund for at least six of these customers, when no such investment ever occurred. These false statements violate FINRA Rule 2010, requiring him to provide truthful statements to his clients.

FINRA contacted Kavinsky in July of 2024, requesting information on all his customers who received falsified account statements. In August, Kavinsky only named a married couple who had previously complained to the firm, knowing there were more. In October of 2024, Kavinsky gave on-the-record testimony to FINRA. He repeatedly and falsely stated that he never disclosed anything about hedge funds to his customers.  This violated FINRA Rules 8210 and 2010 when he knowingly gave false and misleading information to FINRA during his on-the-record testimony.

Following its investigation and the issuance of an Acceptance, Waiver & Consent Letter (AWC), FINRA sanctioned Kavinsky by permanently barring him from any association with any member, effective 12/20/2024.

Customer Disputes

Kavinsky is also the subject of five customer disputes with similar allegations. The first, filed on 9/12/2025, alleges fraudulent account statements, churned the client’s account, and mismanaged funds, and requests damages of $200,000.

Two additional disputes, both filed on 8/28/2025, include identical allegations. These disputes request damages of $1,400,000 and $2,000,000, respectively.

The fourth dispute, filed on 5/6/2025, includes allegations of “unauthorized trading, excessive trading,” and requests damages of $258,677.

A fifth customer dispute was filed on 6/22/2024, requesting damages of $760,000, and included allegations that Kavinsky:

• Refused to provide account statements when asked, because they believe the provided statements listed incorrect balances
• Funds from their accounts were removed and are missing
• Repeatedly provided “false and misleading information pertaining to account balances.”

This dispute was settled for $150,000.

Did You Invest With Howard Kavinsky? 

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.

The post FINRA Bars Broker Howard Kavinsky After Falsifying Client Accounts appeared first on Securities Arbitration Lawyers Blog.