Daily Intelligence Briefings
Every day, Finleet tracks regulatory filings, enforcement actions, personnel changes, and advisory channel activity across broker-dealers, RIAs, banks, credit unions, and derivatives. Each briefing is sourced from FINRA BrokerCheck, SEC EDGAR, FDIC, OCC, CFTC, and the Federal Reserve.
82 briefings published since January 2, 2026
March 2026
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Wednesday, March 25
Canaccord Genuity Parent CEO Takes Direct Control of US Subsidiary After $80M FinCEN Penalty; FINRA Fines Aegis $400K
Canaccord Genuity Group CEO Dan Daviau assumed direct operational control of the US broker-dealer subsidiary weeks after a historic $80 million FinCEN penalty, FINRA fined Aegis Capital
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Tuesday, March 24
Citadel Securities Adds Fenergo for KYC Across Both Broker-Dealer Entities; 26 RIA Graduations Led by New York
Citadel Securities added Fenergo for client onboarding and KYC across both LLC and Institutional entities, Glen Eagle Wealth promoted its FINOP to CCO, and 26 advisory firms graduated
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Monday, March 23
Causeway Securities Replaces CEO; 27 RIA Graduations Set New Single-Day Record
Causeway Securities replaced its CEO and added a COO, 27 advisory firms completed SEC registration setting the month's single-day record, and Musaffa became the
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Sunday, March 22
Securian Splits CEO and CCO Roles; Oddo BHF Elevates CCO to Lead U.S. Operations
Securian Financial Services separated its CEO and CCO functions by hiring a new compliance chief, Oddo BHF New York elevated its CCO to CEO/COO, and 23 advisory
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Saturday, March 21
FINRA Fines Stash Capital for AML Failures, Bars Broker; Kestra Overhauls C-Suite
FINRA sanctioned Stash Capital for anti-money laundering failures spanning four years and barred a broker for refusing testimony, while Kestra Investment Servic
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Friday, March 20
191 Events Make March 20 the Busiest Day of the Month; Fed Targets Ally and Regions Staff
March 20 set the month's record with 191 events including 44 advisor moves, the Federal Reserve enforcing against Ally Bank and Regions Bank employees, FINRA ba
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Thursday, March 19
Agencies Propose Modernizing Bank Capital Rules; FDIC Rescinds Failed Bank Policy
Federal banking agencies requested comment on proposals to modernize the regulatory capital framework, the FDIC rescinded its failed bank acquisition policy, an
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Wednesday, March 18
FINRA Charges Spartan Capital and CEO With Customer Fraud; Sanctions Ultima for AML Failures
FINRA filed a fraud complaint against Spartan Capital Securities, its CEO John Lowry, and its former CCO for defrauding customers holding restricted pharmaceuti
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Tuesday, March 17
CFTC Joins SEC to Clarify Federal Securities Laws for Crypto Assets
The CFTC joined the SEC to clarify the application of federal securities laws to crypto assets and issued a no-action letter, while FINRA barred a broker for no
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Monday, March 16
Fed Bans Regions Bank Employee for Fund Misappropriation; CFTC Names Chief Data Officer
The Federal Reserve prohibited a Regions Bank employee from banking for misappropriating customer funds, the CFTC appointed its first Chief Data Officer, and 17
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Sunday, March 15
Principal Funds Distributor Elevates CCO; 14 RIAs Graduate as Week Closes
Principal Funds Distributor promoted its chief compliance officer to president, Academy Securities restructured its financial operations, and 14 advisory firms
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Saturday, March 14
47 Advisors Change Firms in Record March Day; Vanguard and Nasdaq File Leadership Changes
A record 47 investment advisors changed firm affiliations in the largest single-day movement of 2026 so far, while Vanguard Marketing Corporation restructured i
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Friday, March 13
FINRA Sanctions Arcadia for Trading While Under-Capitalized; Fed Enforces Against Bank Staff
FINRA sanctioned Arcadia Securities for conducting business on three days while failing to maintain minimum net capital and for supervision failures spanning 18
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Thursday, March 12
CFTC Opens Prediction Markets Rulemaking; Fed Approves Home BancShares Acquisition
The CFTC issued an advanced notice of proposed rulemaking on prediction markets regulation, the Fed approved Home BancShares' acquisition application, and the F
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Wednesday, March 11
Fed Approves Associated Banc-Corp Acquisition; FINRA Seeks Comment on Arbitration Reform
The Federal Reserve approved Associated Banc-Corp's acquisition application, FINRA issued two regulatory notices including a request for comment on arbitration
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Tuesday, March 10
Fed Ends Enforcement Against ICBC and Standard Chartered; FinCEN Expands Border Order
The Federal Reserve terminated enforcement actions against Industrial and Commercial Bank of China and Standard Chartered Bank, while FinCEN expanded its Southw
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Monday, March 09
Fed Bans Three Bank Employees for Misconduct; 31 Advisors Change Firms in Single Day
The Federal Reserve prohibited three bank employees from the banking industry for misconduct including misappropriation of customer funds, while 31 advisors cha
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Sunday, March 08
Northern Trust Securities Restructures C-Suite; 12 New RIAs Complete Registration
Northern Trust Securities filed a dual leadership change moving its president to director and CFO to COO, while 12 advisory firms completed SEC registration in
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Saturday, March 07
FINRA Hits Canaccord Again for OTC Supervision Failures; TradeZero CEO Becomes CCO
FINRA sanctioned Canaccord Genuity for failing to supervise trillions of shares in OTC securities one day after FinCEN's $80 million penalty, while TradeZero Am
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Friday, March 06
FinCEN Levies Historic $80 Million Penalty Against Canaccord Genuity for BSA Violations
FinCEN assessed a record $80 million penalty against Canaccord Genuity LLC for Bank Secrecy Act violations tied to securities fraud, while FATF updated its list
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Thursday, March 05
Fed Terminates Wells Fargo Enforcement Action; Revolut Receives U.S. Bank Charter
The Federal Reserve terminated its enforcement action against Wells Fargo, Revolut Bank received a new national bank charter from the OCC, and banking agencies
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Wednesday, March 04
FINRA Charges Reid & Rudiger for Churning 20 Accounts; Sanctions Altruist, Tradier
FINRA filed a complaint alleging Reid & Rudiger churned 20 customer accounts and sanctioned Altruist for securities lending supervision failures and Tradier Bro
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Tuesday, March 03
15 New Advisory Firms Launch as Fed Enforces Against Two Bank Employees
Fifteen new investment advisory firms registered with the SEC on March 3, while the Federal Reserve issued enforcement actions against former employees of East
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Monday, March 02
99 Broker-Dealers File FOCUS Reports as CFTC Names Three Senior Leaders
Nearly 100 broker-dealers filed X-17A-5 FOCUS reports with the SEC on March 2, including Citigroup Global Markets, while CFTC Chairman Selig announced three sen
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Sunday, March 01
Huntington Investment Reshuffles Leadership; Clarksons CCO Moves to CFO/FINOP
Broker-dealers filed 48 regulatory changes on March 1, led by leadership restructuring at The Huntington Investment Company and a dual-role shift at Clarksons S
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February 2026
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Saturday, February 28
FINRA Sanctions Folio for Best Execution Failures; February Closes With 13 New Firms
FINRA sanctioned Folio for failing to conduct reasonable execution quality reviews since 2017, three FINRA enforcement actions were recorded, and 13 new broker-
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Friday, February 27
FDIC Approves Edward Jones Bank Deposit Insurance; 100 FOCUS Reports Set All-Time Record
The FDIC approved deposit insurance for Edward Jones Bank in Salt Lake City, 100 FOCUS reports set an all-time single-day record, ICBC Standard Securities named
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Thursday, February 26
CFTC Expands CPO No-Action Relief; Six RIA Graduations Lead Advisory Channel Surge
The CFTC reissued staff letter 25-50 expanding no-action relief for CPO delegation arrangements, six RIA firms graduated from SEC registration, and eight new br
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Wednesday, February 25
CFTC Issues Prediction Markets Advisory; 99 FOCUS Reports Set All-Time Single-Day Record
The CFTC Enforcement Division issued a prediction markets advisory, 99 FOCUS reports set an all-time single-day record, the Fed issued two prohibition orders, a
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Tuesday, February 24
FDIC Reports $77.7 Billion Q4 Bank Earnings; 65 FOCUS Reports Shatter February Record
The FDIC reported FDIC-insured institutions earned $77.7 billion in Q4 2025 with 1.24% ROA, 65 FOCUS reports shattered the monthly record, the Fed enforced agai
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Monday, February 23
Fed Proposes Removing Reputation Risk From Bank Supervision; OCC Grants PAYO Digital Charter
The Federal Reserve proposed codifying the removal of reputation risk from bank supervision, the OCC granted a new bank charter to PAYO Digital Bank, the CFTC C
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Sunday, February 22
SoFi Securities Replaces FINOP; AVM CEO Steps Down to Limited Partner Again
SoFi Securities replaced its Financial and Operations Principal, AVM's CEO transitioned to limited partner for the second time this month, Velocity Capital rest
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Saturday, February 21
Quoin Capital CCO Elevated to CEO; Polar Investment Loses Multi-Role President
Quoin Capital elevated its CCO to CEO after the chief executive departed, Polar Investment Counsel lost its president who held five simultaneous roles, and six
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Friday, February 20
FINRA Fines Avantax $200K; Cash App FINOP Elevated to CEO and COO
FINRA fined Avantax Investment Services $200,000, Cash App Investing elevated its FINOP to CEO/COO, Prudential Annuities moved its President to COO, and 13 new
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Thursday, February 19
FINRA Fines J.P. Morgan Securities $140K; Fed Approves Fulton Financial Acquisition
FINRA fined J.P. Morgan Securities $140,000, barred Peter Lawrence, the Fed approved Fulton Financial Corporation's acquisition, and 33 FOCUS reports set a new
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Wednesday, February 18
RBC Absorbs 116 City National Securities Advisors; Fed Releases January FOMC Minutes
RBC Securities absorbed 116 advisors from City National Securities in an RBC-CNB integration, the Fed released January FOMC minutes, FINRA barred Gregory Matthe
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Tuesday, February 17
FINRA Fines Shankar $511K, Bars Cruz; CFTC Asserts Prediction Markets Jurisdiction
FINRA fined Avinesh Shankar $511,609 and barred Ricardo Cruz from the industry, the CFTC reaffirmed exclusive jurisdiction over prediction markets in a circuit
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Monday, February 16
Mitchell Portfolio Management Closes; Six Advisor Disclosures Removed in Weekend Filing
Mitchell Portfolio Management in Costa Mesa closed its broker-dealer operations, six advisor bankruptcy disclosures were removed at Schwab, LPL, and Empower, an
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Sunday, February 15
SEI Investments Distribution Names New President and CEO; UBS Disclosures Rise to 72
SEI Investments Distribution Co. installed Robert Hum as new President, CEO, and Director, UBS Asset Management's affiliate disclosure count rose from 69 to 72,
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Saturday, February 14
U.S. Bancorp Shifts 936 Advisors From Brokerage to RIA Entity in Largest Migration of 2026
U.S. Bancorp moved 936 advisors from its brokerage arm U.S. Bancorp Investments to its RIA entity U.S. Bancorp Advisors in the largest single-day advisor migrat
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Friday, February 13
Stifel Independent Advisors Transfers Ownership to Equitable Distribution Holding
Stifel Independent Advisors transferred ownership from Stifel Financial Corp to Equitable Distribution Holding Corporation, AVM's CEO stepped down to limited pa
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Thursday, February 12
Fed Enforces Against Regions Bank Employee; FDIC Releases 2026 Stress Test Scenarios
The Federal Reserve issued an enforcement action against a former Regions Bank employee, the FDIC released 2026 stress test scenarios, the CFTC named its Innova
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Wednesday, February 11
FINRA Proposes Bulk Account Transfer Reform; Madison Avenue Securities Restructures Ownership
FINRA published Regulatory Notice 26-03 proposing reforms to bulk customer account transfers, Madison Avenue Securities restructured its ownership with multiple
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Tuesday, February 10
BlueSky Wealth Absorbs Nine Advisors From Legacy Entity; Raymond James Gains Six
BlueSky Wealth Advisors absorbed nine advisors from its legacy entity in a corporate reorganization, Raymond James Financial Services gained six advisors from C
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Monday, February 09
FINRA Fines Taglich Brothers $60K for Reg BI Violations; Fed Issues Prohibition Order
FINRA fined Taglich Brothers $60,000 for willfully violating Regulation Best Interest, the Federal Reserve issued a prohibition order against a bank employee, a
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Sunday, February 08
PIMCO Investments Replaces CCO and Chief Legal Officer; Revolut Securities Names New CCO
PIMCO Investments replaced its dual CCO/Chief Legal Officer, Revolut Securities named a new Chief Compliance Officer, and 36 broker-dealer registration changes
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Saturday, February 07
Benjamin F. Edwards Overhauls Board With Six Departures; PNC CRO Becomes CCO
Benjamin F. Edwards executed a sweeping board restructuring with six departures and multiple new hires, PNC Capital Markets elevated its Chief Risk Officer to C
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Friday, February 06
FDIC and CFTC Advance Stablecoin Frameworks; Beacon Securities CCO Moves to Sales
The FDIC extended its GENIUS Act stablecoin comment period and the CFTC updated its payment stablecoin definition, Beacon Securities moved its CCO to Head of Sa
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Thursday, February 05
FINRA Bars Nadarajah, Fines Arkadios $25K; Ebisu CCO Takes CEO-CFO-FINOP Triple Role
FINRA barred Jeyakumar Nadarajah and fined Arkadios Capital $25,000, Ebisu Securities elevated its CCO to the combined CEO/CFO/FINOP role, and Harbour Investmen
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Wednesday, February 04
Vanguard Marketing Names New CEO; FINRA Bars William Bryan From Industry
Vanguard Marketing Corporation installed Andrew Kadjeski as Chairman, President, and CEO, FINRA barred William Bryan from the securities industry, and the CFTC
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Tuesday, February 03
198 Advisors Move From Kovitz to NorthCoast in Largest Single-Day Migration
NorthCoast Asset Management absorbed 198 advisors from Kovitz Investment Group in the largest single-day advisor migration of 2026, FINRA fined Thomas Lansing $
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Monday, February 02
FINRA Fines Velocity Capital $125K; CFTC Orders $14M Texas Misappropriation Penalty
FINRA fined Velocity Capital $125,000 for supervision failures, CFTC ordered over $14 million in penalties for a Texas misappropriation case, and the OCC approv
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Sunday, February 01
Arete Wealth Management Replaces CEO, CCO, and FINOP in Single-Day Overhaul
Arete Wealth Management replaced its CEO, CCO, and FINOP in a sweeping leadership restructuring, Toyota Financial Services named a new CCO, and 21 broker-dealer
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January 2026
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Saturday, January 31
SouthState Absorbs 25 Private Capital Management Advisors; Transamerica CEO Departs in Leadership Overhaul
SouthState Private Capital Management absorbed 25 advisors from Private Capital Management in a bank-driven RIA acquisition, Transamerica Capital's CEO departed
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Friday, January 30
RBC Absorbs 124 City National Rochdale Advisors; FINRA Fines Benjamin Edwards $750K for Off-Channel Texts
RBC Rochdale absorbed 124 advisors from City National Rochdale in the largest single-day advisor migration of 2026, FINRA fined Benjamin F. Edwards $750,000 for
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Thursday, January 29
FINRA Fines Aegis Capital $375K for Supervision Failures; OCC Grants Nubank U.S. Charter
FINRA fined Aegis Capital $375,000 for failing to supervise low-priced securities and private placements over four years, the OCC granted Brazilian neobank Nuba
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Wednesday, January 28
Federal Reserve Holds Rates Steady; CFTC Names General Counsel as BD Personnel Surge Hits 124 Events
The Federal Reserve held rates steady and reaffirmed its longer-run monetary policy strategy, the CFTC named Tyler Badgley as General Counsel, TD Securities nam
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Tuesday, January 27
FINRA Fines Independence Capital $168K for GWG L Bond Supervision Failures; OCC Grants Laser Digital Bank Charter
FINRA fined Independence Capital $168,680 for failing to supervise GWG L Bond recommendations, the OCC granted Laser Digital National Trust Bank a new charter i
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Monday, January 26
FINRA Fines TPEG Securities $175K for Projected Performance Violations; GigaStar CEO Absorbs CCO Role
FINRA fined TPEG Securities $175,000 for distributing communications with projected investment performance for nearly six years, GigaStar Securities' CEO absorb
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Sunday, January 25
Cantor Fitzgerald Adds BofA Securities for Clearing; Two RIAs Graduate as Two Fail 120-Day Process
Cantor Fitzgerald added BofA Securities as a clearing provider, Alpaca Securities dropped Velox Clearing, two advisory firms graduated from SEC registration whi
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Saturday, January 24
Lucas Group Rebrands to True Wave With Three-Advisor Migration; HTK Loses Two More Advisors
Lucas Group Financial Planners rebranded to True Wave Wealth Planners and migrated three advisors simultaneously, Hornor Townsend & Kent lost two more advisors
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Friday, January 23
FINRA's NAC Rules on Cantone Research Case; NCUA Opens Deregulation Comment Period
FINRA's National Adjudicatory Council issued a decision in the long-running Cantone Research enforcement case, the NCUA opened a March 16 comment period on dere
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Thursday, January 22
FDIC Approves Ford Credit Bank and GM Financial Bank; CFTC and SEC Announce Crypto Harmonization Event
The FDIC approved deposit insurance for Ford Credit Bank and GM Financial Bank in Salt Lake City, the CFTC and SEC announced a joint crypto regulatory harmoniza
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Wednesday, January 21
FINRA Fines Virtu $6,930 for 88,500 Intermarket Sweep Order Failures; HTK Loses Two Advisors to L&S
FINRA fined Virtu Americas $6,930 for 88,500 intermarket sweep order violations, filed a complaint against Tory Duggins for refusing testimony in a churning inv
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Tuesday, January 20
CFTC Chairman Selig Names Senior Staff; SEC Appoints New Examinations Director
CFTC Chairman Selig announced senior staff appointments, the SEC named Keith Cassidy as Director of the Division of Examinations and Christina Thomas as Deputy
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Sunday, January 18
Timothy Partners Onboards Three Recordkeeping Vendors; Holiday Weekend Filing Winds Down
Timothy Partners added three recordkeeping vendors including Global Relay, MirrorWeb, and Smarsh in a communications archiving buildout, and Causeway Securities
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Saturday, January 17
Raymond James Recruits Four Lincoln Investment Advisors; 11 Advisor Moves Lead Pre-Holiday Surge
Raymond James recruited four advisors from Lincoln Investment in a team lift-out, Fifth Third Securities gained two from Edward Jones, Wells Fargo shifted two m
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Friday, January 16
FINRA Fines ABN AMRO $50K for Net Capital Failures; Wells Fargo Shifts Four Advisors to FiNet
FINRA fined ABN AMRO Capital Markets $50,000 for 84 days of net capital violations, sanctioned Cetera firms for AML and Section 5 supervision failures, Wells Fa
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Thursday, January 15
LPL Gains Four Advisors in Single-Day Recruiting Haul; DTC Moves to Limit Terminal Access
LPL Financial recruited four advisors from Raymond James, Baird, SPC, and B.B. Graham in a single day, DTC filed to limit participant terminal system access, th
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Wednesday, January 14
FINRA Publishes Six Regulatory Notices in January Batch; Seven Advisory Firms Close Including Swiss Re and Janney
FINRA published six regulatory notices including Notices 26-01 and 26-02, seven advisory firms deregistered including Swiss Re Insurance-Linked Investment Manag
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Tuesday, January 13
Travis Hill Sworn In as 23rd FDIC Chairman; FINRA Bars Zornes Over Cambridge Investigation
Travis Hill was sworn in as the 23rd Chairman of the FDIC, FINRA barred Jay Zornes for refusing to cooperate with an investigation into unapproved communication
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Monday, January 12
FINRA Fines BNP Paribas $125K for 167,520 Options Reporting Failures; CFTC Launches Innovation Committee
FINRA fined BNP Paribas Securities $125,000 for 167,520 large options position reporting failures spanning five years, the CFTC launched its Innovation Advisory
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Sunday, January 11
Sunday Vendor Shuffle: Ares, Trumid, and Founders Financial Update Technology Stacks
Nine broker-dealer vendor changes were recorded including Ares Management adding Microsoft SharePoint, Trumid Financial onboarding two compliance vendors, and B
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Saturday, January 10
Invesco Subsidiary Becomes Kenora Financial; 10 New Firms Close Out Week One
Invesco LLC rebranded to Kenora Financial in Des Plaines, Xponance converted from Inc. to LLC in Philadelphia, 10 new advisory firms registered, and four firms
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Friday, January 09
Fed Names 2026 Reserve Bank Chairs; FINRA Sanctions Leon for $750K Unauthorized Customer Loan
The Federal Reserve designated chairs and deputy chairs for all 12 Reserve Banks for 2026, FINRA sanctioned Eduardo Leon for borrowing $750,000 from a customer
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Thursday, January 08
FINRA Fines BNY Mellon $60K for Muni Reporting Failures; Wells Fargo Sanctioned for Failed Trades
FINRA fined BNY Mellon Capital Markets $60,000 for 1,725 MSRB reporting violations, sanctioned Wells Fargo for $6.5 million in failed municipal securities trans
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Wednesday, January 07
NSCC Expands to 24x5 Trade Processing; OCC Grants bunq US Bank Charter
NSCC announced expanded trade capture for 24-hours-a-day five-days-a-week processing, the OCC granted European neobank bunq a U.S. national bank charter, Guggen
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Tuesday, January 06
OCC Grants World Liberty Trust Company New Bank Charter; PineBridge Rebrands to Heron View Partners
The OCC granted a new bank charter to World Liberty Trust Company in Bay Harbor Islands, PineBridge Investments rebranded to Heron View Partners in a two-step n
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Monday, January 05
Goldman Sachs Trust Files Subsidiaries Action; OCC Processes Seven Banking Events
Goldman Sachs Trust Company filed a subsidiaries and equities action in Wilmington, the OCC processed three relocations and three branch establishments, and one
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Sunday, January 04
Weekend Filing Trickle: One RIA Closes, One Rebrands in Two-Event Saturday
Capital Insight Partners deregistered in Scottsdale and SCHF (GPE) rebranded to HRTG GPE in Wilson, Wyoming, across two total events in the quietest filing day
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Saturday, January 03
16 New Firms Launch as 2026 Opens; 10 Broker-Dealers Close in Year-End Cleanup
Sixteen new firms registered including international entrants from London, Hong Kong, Seoul, and Tel Aviv, 10 broker-dealers closed in year-end cleanup, and nin
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Friday, January 02
FDIC Opens 2026 With CRA Examination List; OCC Approves Bank of America Relocation
The FDIC published its CRA compliance examination list to open 2026, the OCC approved a Bank of America relocation and an Amerant Bank branch establishment, acr
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