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Broker suspended by FINRA for tweets

A California-based broker was recently suspended by FINRA for a series of tweets she posted on the social networking website, Twitter.  FINRA has previously had to suspend some financiers for posts and pictures on Facebook and even created a special social networking task force.

According to FINRA’s quarterly disciplinary report, the broker is being fined $10,000.  The broker was suspended for giving out investment advice through tweets without telling her firm.  The woman has around 1,400 followers on Twitter.

In addition, the broker is accused of recommending stocks she was involved in.  The broker was also cited for failure to tell her firm about several side projects including having “trading authority in multiple brokerage accounts.”

If you or someone you know has questions about FINRA arbitration or securities litigation, contact the Orange County FINRA arbitration lawyers of Daily Aljian at 949-861-2524 to learn more today.

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