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SEC report on RIA mandatory arbitration leaves many questions about potential investor harm
The report says more than half of investment advisors force their clients to go to arbitration to settle disputes, but it doesn't put a number on RIA arbitration cases or the costs for claimants.
Firms brace for SEC spotlight on electronic communications
Protecting investors from fraudulent, misleading or otherwise problematic electronic communications seems to be of the utmost importance to regulators.
Former advisor, financial planner charged with defrauding NBA players
Four people face federal indictments in the scheme, and the former advisor is being charged by the SEC.
Complex products: You have to know them when you see them
One of the challenges of regulating these investments is that there’s no agreed-upon definition for them.
There’s no simple approach to complex products
As financial advisers turn to complex products to help clients navigate volatile markets and rising interest rates, regulators are scrutinizing the investments more closely than ever.
Finra slaps LPL with $150,000 supervisory fine
The regulator says the firm failed to supervise one of its affiliated brokers whose outside dealings cost LPL customers more than $650,000.
Finra develops searchable rulebook to help brokerages navigate compliance
How well the system works will depend on the quality of the taxonomy, a compliance expert said.
Finra slaps $5,000 fine on ex-broker in first Reg BI enforcement action
The case demonstrates that Finra has more latitude to purse excessive trading violations, says a former head of enforcement.
Finra fines BofA Securities $5 million over options reporting
The firm failed to report positions to the Large Options Positions Reporting system in more than 7.4 million instances.
New regulations for the new reality
Finra has proposed a pilot program for firms that want to continue remote inspections, in line with the seemingly permanent use of remote work.
Crypto scams must be reined in, Senate Banking Committee says
At a hearing Thursday on scams and risks in the crypto and securities markets, senators on both sides of the aisle pitched legislation to protect investors from harm.
ETFs that worry Wall Street regulators rake in billions
The products are a growing corner of the almost $6.4 trillion industry, defying words of caution issued by the Securities and Exchange Commission and others.
Wall Street regulators consider ‘staggering’ curbs on complex ETFs
The crackdown could hit everything from leveraged and inverse vehicles to cryptocurrency-linked funds and defined-outcome strategies.
UBS fined $350,000 for failing to report certain trades
Finra says the firm failed to report certain trades in TRACE-eligible securities.
Finra expels Alpine Securities
A Finra hearing panel also ordered the Salt-Lake City broker-dealer to pay $2.3 million in restitution.
The confusion over crypto assets
Clients are demanding access to digital assets. But how — and when — will brokers be able to sell them?
Judge rips Wells, Finra, in decision over arbitration claim
At the center of the judge's order to vacate the arbitration decision were questions about whether or not Finra arbitration was a neutral forum for investors.
Finra tags two firms with penalties due to mutual fund sales
Emerson Equity and Triad Advisors reached end-of-the-year settlements related to complaints about poor supervision of certain mutual fund sales.
Big drop in retail broker-dealers since 2010: Cerulli
The tally is one more sign that there's increasingly little room in retail brokerage for small or midsize firms.
Wells Fargo fined $2.25 million for record-keeping violations
Finra found that for 17 years, the firm failed to store 13 million customer records in the required format.
