Displaying 1932 results
Finra hits Oppenheimer & Co. with $3.4M penalty for reporting, fee-waiver failures
Finra imposed $3.4 million in sanctions on Oppenheimer & Co. Inc. for the firm’s missteps in reporting internal…
Mary Jo White: 3 areas of oversight for the Treasury market
This is an edited speech given Oct. 24 by Mary Jo White, chairwoman of the Securities and Exchange…
Finra’s sweep of broker-dealer cross-selling may head off problems
It shows Finra is carrying out its responsibility of regulating the industry and serving as the watchdog protecting the public.
‘Supersized’ fines put Finra on pace for record year
Huge fines against the likes of MetLife and Raymond James are putting the watchdog on a trajectory to beat its prior record by about 20%. (More: So far this year Finra has levied four fines greater than $5M)
Technology can offer support to advisers with aging clients
Software could help with recognizing and planning around clients' loss of cognitive function.
Finra bans LPL broker for depositing client funds into own bank account
The Financial Industry Regulatory Authority Inc. has barred an LPL Financial broker for depositing client funds into his…
Sen. Elizabeth Warren’s bogus charges against SEC’s Mary Jo White
Warren's charges could be motivated by political calculation rather than concern about investor protection or information.
Finra proposes rule to prevent elder financial abuse
Measure requires brokers to establish trusted contacts on accounts and allows them to stop distributions in questionable circumstances.
Finra chief Richard Ketchum warns firms against hiring problem brokers
Regulator is using advanced data analytics to find the bad seeds who can undermine a firm's culture and foster 'good people making bad decisions,' the Finra chief says.
Verification key to halting cyber scams
The threat of cyberattacks is very real in the financial advisory industry, but not all advisers are getting the message.
Advisers want Finra to focus on the ‘bad guys’ and leave the rest alone
New CEO likely to get an earful as he embarks on a 'listening tour.'
Thrivent Financial files sixth lawsuit against DOL fiduciary rule
Organization that provides financial services to Christians says it would not be able to use its dispute resolution mechanism if it had to adhere to the new regulation allowing class actions.
More than half of the student-loan borrowers regret going into debt: Finra study
Call it the big regret. A recent study commissioned by the Financial Industry Regulatory Authority Inc. found that…
Finra’s arbitration process: Challenging the system to find the right answers
The Financial Services Institute is pleased to see the regulator putting forward a broad-ranging slate of common-sense improvements, writes FSI CEO Dale Brown.
Finra bars broker who was named to inherit 91-year-old customer’s waterfront condo
Douglas Wayne Studer agreed to be barred from the securities industry.
In unusual upset of an incumbent, Finra board elects new small-seat representative
Robert Muh prevailed over four candidates vying for the position, including the governor running for reelection, Robert Keenan.
Finra launches exam sweep of business development companies
Regulator: "There is concern that retail customers may not fully understand the risks and the potential impact on their portfolios."
Why broker-dealers and financial advisers should be required to carry insurance
Finra does not require its members to carry insurance, which lets big risks to investors materialize.
Finra wants to raise the annual gift limit
Brokerage representatives will be able to breathe a little easier when they're buying gift baskets for fellow professionals during the next holiday season.
Why Finra needs to fix BrokerCheck now
While the system provides access to up-to-date and accurate information on an adviser's record, it also publishes mere accusations, convenient settlements and decades-old misdemeanors.
