Displaying 1932 results
Finra releases revised broker compensation proposal
Brokerages would have to send an 'educational communication' to investors outlining questions they should ask their broker about compensation and other inducements for switching firms.
Finra arbitration cases are down, but the rest of the year may tell another story
A former Finra director says wild market gyrations over the summer will induce cases that could take months to fully reveal themselves.
Broker claws back $1.2 million from Morgan Stanley in ‘significant’ promissory note case
Ex-Morgan Stanley broker now only has to pay about half of $2.9 million he was originally ordered to pay by Finra arbitrators.
Industry, investor advocates clash on bond-price-transparency proposals
Rules proposed by Finra and MSRB would require brokers to detail the price differences they and the clients pay for corporate and municipal bonds.
Finra official says agency there to discipline, not punish
Finra says it is more interested in supervisory lapses, suitability issues with complex products and selling away than big-money fraud.
Finra’s Susan Axelrod: Finding a job you love is what matters
My professional life started on Wall Street — a male-dominated environment that has evolved a lot over the…
Ex-Ameriprise adviser gets 7 years in the slammer for bilking clients
Breakfast with Benjamin: Susan Elizabeth Walker was sentenced to more than seven years in prison for taking over $1 million from clients' accounts.
Finra efforts fail to reduce brokers’ record-cleansing: PIABA
Between 2012-14, expungement was granted in 87.8% of cases in which it was sought, according to the Public Investors Arbitration Bar Association.
Finra plans to scrutinize brokerages’ compliance culture
The regulator releases its priorities for the new year. Topping the list are firms' compliance culture and conflicts of interest.
Former House chairman, top Finra lobbyist, Michael Oxley, dies
Mr. Oxley was chairman of the House Financial Services Committee in the 2000s and promoted a self-regulatory organization for advisers.
‘Dissident’ candidate defeats Finra’s hand-picked nominee for board seat
Brian Kovack wants to make the organization more effective without antagonizing firms that are doing the right thing
Investor lawyers say Finra moving too quickly on arbitration unit
Proposal would bring its dispute resolution arm back in house.
Another five firms ordered to pay $18M for mutual fund overcharges
Finra says Edward Jones, Stifel Nicolaus, Janney Montgomery Scott, Axa and Stephens failed to waive sales charges for certain retirement accounts and charities.
Mandatory arbitration reform on the docket at CFPB
Experts in the financial industry question what spillover effect it will have on such clauses for brokers.
Regulators target free lunches for elderly clientele
Concerns involve linkages between these prospecting meals — popular with seniors — and sales of high-fee investment products.
Finra creates task force to determine arbitration improvements
Over the last several years, the Financial Industry Regulatory Authority Inc. has undertaken initiatives to reform the investor…
State regulators, Finra, SIFMA propose fee disclosure model for brokers
State regulators, Finra, SIFMA say their approach would clarify charges to investors, yet commissions and advisory fees are left out of the plan.
Groups opposing DOL fiduciary rule step up lobbying spending
Proponents' dollars lag this year, with a focus on grass-roots action.
State regulators work on uniform approach to elder financial abuse
New measures are aimed at encouraging brokers to notify authorities when they suspect someone is trying to scam one of their clients.
State officials to flag brokers with disciplinary history selling insurance
The National Association of Insurance Commissioners to launch program to inform state insurance officials about agents in their state who have a disciplinary history with Finra.
