Displaying 1932 results
Finra approves larger public arbitrator list for cases
The board agreed to modest reforms to its arbitration system based on recommendations by a special task force set up to examine it.
Finra targeting mutual fund overcharges in broker-dealer sweep
Regulator is looking into whether firms have a process and supervisory procedures in place to waive fees.
Insurance groups opposed to DOL fiduciary rule step up campaign spending
The insurance and brokerage industries have shelled out many more dollars for congressional campaigns and lobbying than investment adviser organizations.
Former adviser agrees to $2 million settlement in scheme to defraud mostly elderly clients
Michael Donnelly admitted he never invested the client funds he received, using them for business and personal expenses.
Finra asks 8 questions to assess a firm’s ‘culture’
Regulator launches target examination to assess compliance values and how they influence brokerages' ability to adhere to securities rules.
State regulators offer training to help spot senior financial abuse
The North American Securities Administrators Association will make Senior$afe available to its members next month.
SEC approves Finra broker-compensation rule
Rule requires transferring brokers to send an “educational communication” to clients they are trying to convince to make the move with them.
Finra bars broker for selling risky alternative investments to elderly clients
The Financial Industry Regulatory Authority Inc. barred a Phoenix-based broker for making 12 unsuitable recommendations regarding debt instruments known as debentures.
SEC nominee Peirce concerned about agency’s lack of input on DOL fiduciary
In a confirmation hearing, Hester Peirce expressed concern that the agency has not had appropriate input into the Labor Department rule on investment advice.
Adviser groups step up lobbying as DOL rule nears completion
Organizations opposed to the fiduciary rule invested more in Capitol Hill outreach efforts last year, trying to convince Congress to stop the measure.
Finra sanctions a dozen IBDs $6.7 million for breakpoint snafus
Finra ordered a dozen firms to pay restitution and fines totaling $6.7 million for failing to give clients discounts for large purchases of unit investment trusts.
The short list of those who could succeed Ketchum at Finra
Experts think the top candidates will have SEC experience.
Finra restitution to investors triples to $96.2 million in 2015
Though fines dropped last year, experts think the regulator's revised sanctions guidelines will mean an upward trend in penalties as well.
Finra income soars due to increased fines, rising regulatory fees
A combination of increased revenue, including a doubling of money raised through fines, and lower expenses helped Finra significantly increase net income last year.
Show me the money: Financial advisory trade groups pay handsomely
If you want to make money in the financial advisory business, don't be a financial adviser. Heading groups that advocate for them pays much better. Plus, see what the top brass make.
SEC exam questions dive deeply into retirement-account advice
Through its queries to financial advisers, the regulator is asserting its presence in an area normally associated with the Labor Department.
Finra task force calls for higher arbitrator pay, greater transparency
Group also suggested a pool of arbitrators be trained to conduct expungement hearings, but didn't touch the mandatory aspect of arbitration.
Finra to seek a ‘significant fine’ from MetLife over variable annuity sales
Regulator focuses on potential violations regarding misrepresentations, suitability, and supervision
Finra names new CEO to replace Ketchum
Robert W. Cook, the former director of the division of trading and markets for the SEC from 2010 to 2013, will take over the reins of the brokerage industry regulator.
Elderly woman awarded more than $1M in churning case against ex-Morgan Stanley broker
Claims against Justin Amaral include liquidating and acquiring annuities for victim by forging her signature.
