August 7, 2020

Volume X, Number 220

August 07, 2020

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August 06, 2020

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August 05, 2020

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FINRA Warns of Fraudulent Phishing Emails Purporting to be from FINRA

On May 4, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 20-12 to warn member firms of a widespread, ongoing phishing campaign involving fraudulent emails purporting to be from FINRA officers, including Bill Wollman and Josh Drobnyk. 

These emails generally originate from a source domain name of “@broker-finra.org,” which is not connected to FINRA. FINRA recommends that firms should delete all emails originating from this domain name and, if a password was entered into an attachment to any such email, change that password immediately and notify the appropriate individuals in their firm of the incident.

FINRA Regulatory Notice  20-12 is available here.

©2020 Katten Muchin Rosenman LLPNational Law Review, Volume X, Number 129

TRENDING LEGAL ANALYSIS


About this Author

Michael T. Foley, Katten, Lawyer, Finance, FINRA, Chicago
Special Counsel

Michael Foley represents broker-dealers, investment advisers and other financial services industry participants with respect to a broad spectrum of legal and regulatory matters arising under the federal securities laws.

Michael has nearly 20 years of experience in private practice and in-house at both a large, full-service broker-dealer and at an online discount broker-dealer, advising broker-dealers and other financial institutions regarding compliance with the federal securities and commodities laws, and with the regulations of the US Securities and Exchange...

312-902-5452
Associate

Timothy Kertland concentrates his practice on transactional, corporate and regulatory aspects of financial services matters. Timothy is able to provide legal services to a wide variety of clients including proprietary trading firms, hedge funds, broker-dealers, registered investment advisers, and commodity trading advisers.

While in law school, Timothy served as an editor of the Virginia Tax Review. As a first-year law student, he represented the University of Virginia School of Law at the National Transactional LawMeets Competition.

312-902-5343
Susan Light, Katten Law Firm, Finance Law Attorney, New York
Partner

Susan Light focuses her practice on financial services regulatory matters. She counsels broker-dealers, hedge funds, investment banks and financial services clients on enforcement issues involving the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), other self-regulatory organizations (SROs) and state and federal regulatory authorities. She has particular experience related to sales practice issues, financial and operational issues, anti-money laundering, crowdfunding, cybersecurity, and cryptocurrencies.

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212-940-8599