Articles Posted in finra rule 3240

FINRA has recently proposed changes to its Rule 3240, which allows for scenarios where brokers can borrow from or lend to their clients. FINRA’s rule proposal would strengthen and clarify the general prohibition against these types of arrangements and would narrow the exceptions that fall under the prohibition. In its…

The securities fraud attorneys at Malecki Law are interested in hearing from investors who have complaints against stockbroker Robert A. McAllister.  Mr. McAllister was formerly registered to sell securities from December 2011 to February 2016 with Edward Jones a broker-dealer in Ocean City, New Jersey, according to his publicly available…