This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

First Trust Portfolios fined $10m by Finra for excessive non-cash payments

By Neil Roland ( November 3, 2025, 21:49 GMT | Insight) -- First Trust Portfolios, a wholesale distributor of securities, was fined $10 million by Finra for providing excessive gifts, meals and entertainment over a six-year period to retail broker-dealers that in turn sold First Trust securities. The Wheaton, Illinois-based firm also falsified internal expense records and failed to establish a supervisory system to ensure compliance with recordkeeping requirements for non-cash compensation, alleged Finra, the industry self-regulator.First Trust Portfolios, a wholesale distributor of securities, was fined $10 million by Finra for providing excessive gifts, meals and entertainment over a six-year period to retail broker-dealers that in turn sold First Trust securities....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections