FINRA’s April 2026 Progress Report On FINRA Forward Identifies Cybersecurity And Imposter Website Fraud Threats For Public Investors

On April 30, 2026, FINRA released a one year progress report on its efforts to protect investors through “FINRA Forward.” FINRA Forward is a comprehensive series of initiatives launched by FINRA in April 2025 to improve investor protection through updating FINRA rules and guidance, strengthening support for member-firm...

Federal Court Denies Stifel’s Motion To Vacate A $133 Million Dollar FINRA Arbitration Award Granted To A Family That Lost Money Investing In Structured Notes

On March 24, 2026, a federal district court judge in Florida entered an order formally denying Stifel, Nicolaus & Company, Inc.’s motion to vacate a $133 million FINRA Arbitration award. The court finalized its order after reviewing a recommendation from a federal magistrate court judge recommending the same....

Jury Convicts Financial Advisor Darryl Cohen For Defrauding Professional Athletes: How Professional Athletes Can Protect Themselves From Investment Fraud

On March 4, 2026, a jury in the Southern District of New York convicted former Morgan Stanley investment advisor Darryl Cohen of investment advisor fraud and wire fraud for his role in defrauding NBA players Jrue Holiday, Courtney Lee, and Chandler Parsons (the “Professional Athletes”) of their investments....

FINRA Arbitration Panel Orders Fidelity To Pay Family Trust Investors $1.28 Million Following Lawsuits Over Investments In Structured Notes

On February 17, 2026, a public FINRA Arbitration Panel awarded two separate parties invested through family trusts a combined $1.28 million in compensatory damages. According to the filings, the family trusts sued Fidelity over investments in structured notes. The family trusts asserted causes of action for negligence, failure...

FINRA Arbitration Panel Orders Morgan Stanley To Pay Entrepreneurs $400,000 After Miscommunication Over Cash Held In Investment Accounts Following Sale Of Business

On February 10, 2026, a public FINRA Arbitration Panel awarded two entrepreneurs $400,000 after they sued Morgan Stanley over a miscommunication they had with their financial advisor James Monken. According to the filings, the entrepreneurs sold their business and requested that James Monken keep the proceeds from the...