Wednesday, March 27, 2013
FINRA / Training Consultants Lawsuit Settled
In August of 2012, a lawsuit was filed against Training Consultants by the Financial
Industry Regulatory Authority (FINRA) in United State District Court, Central District
of California. Over the past 8 months, we have worked with FINRA on a resolution
to this action. We are pleased to announce that the litigation with FINRA has been
resolved to the satisfaction of all parties. The court entered the closing judgment
on March 25, 2013. All of us at Training Consultants are pleased to have this matter
behind us and we look forward to continuing to provide outstanding training and
service to our customers.
Wednesday, September 5, 2012
A lawsuit was recently filed against our company by the Financial Industry Regulatory
Authority (FINRA). We take these allegations very seriously and believe the suit
is completely without merit. Training Consultants is appalled at the accusations
made in the suit and the reckless disregard for the integrity of our firm, our employee’s
personal privacy, and the significant contributions our founder has made to FINRA
and its predecessors over the years.
For more than 33 years, our company has become a respected institution in the securities
industry led by our founder and president, Tina Leahy. She built the company modeled
on the highest levels of customer service and instruction in the industry and has
earned the regard of firms and brokers throughout the country. Our company's founding
principles are grounded in integrity, trust, and leadership.
In 1986 when FINRA’s (previously NYSE) Series 7 exam was changed to a dynamic test
bank, Tina was invited to be a founding member of the exam committee, volunteering
countless unpaid hours to assist in developing a respected and valid exam. She continued
to serve on this committee for more than 20 years, contributing hundreds questions
for the actual exam and recruiting multiple other individuals to join the committee.
With Tina's leadership, Training Consultants has grown continuously from a small
local firm to a respected national training firm. Over the years we have trained
more than 50,000 individuals to successfully prepare for their careers. As we have
grown, we have continued to invest in technologies and staff to provide our customers
with the highest service levels to firms of all sizes in the industry. At no time
in the company’s history has Training Consultants been involved in any legal disputes.
We remain committed to providing our clients with the highest level of support,
and anticipate no changes or interruptions to the operations of Training Consultants.
We're taking all available action to vigorously defend ourselves from these claims.
We have retained a team of the most qualified attorneys to represent us and look
forward to clearing our good name.