Finra Warns of New Phishing Scam

February 19, 2019 by Alex Padalka

Finra has put out an alert warning of a phishing email targeting its member firms.

Several brokerage firms have told the industry’s self-regulator that they have received suspicious emails aimed at their compliance staff, Finra says.

The email appears to come from a compliance officer at a legitimate credit union based in Indiana, alerting the firms about possible money-laundering activities by one of their purported clients, according to the regulator.

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Originally Posted at Financial Advisor IQ on February 19, 2019 by Alex Padalka.