Displaying 1932 results
Finra elects Vanguard’s John Brennan chairman to replace Richard Ketchum
He will begin Aug. 15, at about the same time Robert Cook, a former division director at the SEC, takes over as chief executive.
Finra fines Cetera $75,000 for records snafu
Brokerage firm failed to notify customers of changes in their account records as a result of a computer coding error, regulator claims.
Prudential fined $950,000 for failures in elderly customer’s variable annuity account
Finra says the firm failed to detect and prevent theft of approximately $1.3 million from an 89-year-old man's account.
MetLife penalty puts spotlight on bad variable annuity switches
Bad VA switches were supposed to be a thing of the past, but the independent broker-dealer industry should take heed of this fine.
Brokerage groups’ higher spending on lobbying doesn’t kill DOL fiduciary rule
Despite heavily outspending investment adviser groups on lobbying lawmakers in the second quarter, industry trade associations didn't succeed in a key goal.
Finra, it’s high time for transparency
A call for new Finra leadership to be more forthcoming about the board's work.
Finra proposes rules to restrict political contributions by brokers
Regulator is following up on similar rules the SEC put in place for investment advisers.
Candidates for Finra board want greater focus on regulatory pain of small firms
Four nominees were announced Friday after qualifying for the ballot.
Americans in better financial shape, Finra reports
Survey shows public feels it is on surer footing with expenses and savings, but problems persist for some groups.
Finra loses $39.5 million in 2015 after posting a surplus the year before
After posting a surplus the year before, Finra's CEO says expenses for data migration to 'cloud' storage are partly to blame for 2015.
New Finra CEO Cook will feel heat from both sides of the political aisle
Conservatives and liberals alike have stepped up criticism of the brokerage industry regulator.
Finra targets variable annuities as ‘sweet spot’ of scrutiny
Following record MetLife fine, regulator says VAs are now at the core of their focus: complex products marketed to seniors.
Fidelity blocks opening trades on several ETF products, citing suitability concerns
The fund giant wouldn't say if regulatory pressure compelled it to impose the practice.
Shift of SEC resources to RIA oversight not likely to stop push for third-party exams
A move by the Securities and Exchange Commission to beef up oversight of investment advisers probably will not stop the agency's effort to establish third-party exams for the sector.
An original critic, Finra’s Ketchum praises improvements in final DOL fiduciary rule
Finra's CEO was one of the sharpest critics of the proposed rule, but now he's praising the Labor Department. (More: Coverage of the DOL rule from every angle)
What’s on tap in 2016 for adviser regulation?
On tap for 2016: Fiduciary duty comes to fruition?
Firms on the hook for hiring bad brokers
Sweep reminds broker-dealers they're going to be held accountable for hiring brokers who prove not fit to work in the industry.
Finra orders Oppenheimer & Co. to pay $2.9M for unsuitable sales of nontraditional ETFs
More than 30,000 non-traditional ETF transactions, totaling approximately $1.7 billion, were carried out by Oppenheimer representatives, according to the regulator.
Wall St. critic Warren grills Finra’s Ketchum on regulator’s ability to protect investors
The U.S. senator raised doubts on Thursday about whether the financial industry can police itself.
CFP Board disciplines mark holders over outside business activities, bankruptcies
The 10 cases brought by the organization also include loans to clients, falsifying standing as a CPA and inappropriate investment advice.
