FINRA fines four firms $2.6m for securities lending violations

Regulator sends strong message on need for care when firms offer fully paid securities lending programs.

Four firms have been sanctioned by FINRA for failing to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to supervise their fully paid securities lending offerings.

The four firms – M1 Finance LLCOpen to the Public Investing, Inc.SoFi Securities LLC, and 

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in