Displaying 1932 results
Congressman calls for Finra oversight of investment advisers
Rep. French Hill says the broker-dealer SRO is the best equipped regulator for the job.
Finra’s Ketchum criticizes DOL fiduciary rule
Chief broker regulator finds a lot to dislike in proposal, including unintended consequences such as a possible cutback in sales of IRAs.
Finra arbitration panel awards investor $1.3 million from ex-Stifel broker
Broker's former daughter-in-law claims churning and fiduciary breach.
Finra sends broker-compensation proposal to SEC for approval
The measure would require a broker who has transferred to a new firm to send an “educational communication” to clients.
Finra puts onus on clients to find broker recruitment incentives
New proposal would make discovering bonuses for moving a do-it-yourself proposition for investors.
Brokerage industry lobbying dollars dwarf investment advisers’
The brokerage industry's lobbying spending dwarfed advisers' in the first quarter, with the DOL fiduciary rule a primary focus.
Recent fine may hasten LPL Financial’s shift to fee compensation
The broker-dealer acknowledges the growing importance of its fee and advisory businesses
Finra’s longtime critics become its supporters and vice versa
Friday hearing with CEO Rick Ketchum finds Republicans on the attack and Democrats doing the defense.
SEC urges advisers to draw up and implement cybersecurity plans
Next step could be to hold them accountable for data breaches.
Finra board candidate wants to keep organization from ‘antagonizing’ members
A candidate for Finra's board of governors has launched what he calls a “dissident campaign,” asserting he will try to prevent the regulator from “antagonizing” members, especially independent broker-dealers.
Brokers back regulator’s tough stance on suitability
Brokers have endorsed a move by Finra to toughen sanctions for violations of the suitability rule even as they acknowledged the standard leaves room for interpretation.
SIFMA says Sony hack is cautionary tale for CARDS
The recent cyberattack on Sony Pictures Entertainment holds lessons for Finra's pending data-collection proposal, SIFMA executive argues.
Finra board to consider tougher expungement guidance to arbitrators
Inserting strong language into rules, such as that wiping clean a broker's record should only be considered 'an extreme remedy,' could give it more weight.
Finra board approves changes to public communication rules
Broker-dealer regulator says parts of communications rules that would be excised include the filing of generic investment company material and shareholder reports.
How advisers can avoid Finra scrutiny over personal liens, judgments, or bankruptcies
While disclosures of negative personal financial events are not pleasant, the consequences of not making them can be severe.
Finra bars Wells Fargo broker who ran Miami nightclub
Aaron Parthemer, left, a Wells Fargo adviser for a number of NFL and NBA players, allegedly ran a hip hop dance club in South Beach without telling his employer.
Bonus disclosure deserves second look
Finra should seriously consider suggestions for changes to its proposed broker bonus disclosure rule.
Finra fines three firms for lapses on consolidated reports
Processes must be in place to supervise the compilation of a client's entire financial life in one document.
New York City official wants to make brokers say: ‘I am not a fiduciary’
Advice industry mixed on the push for a New York bill to clearly distinguish advisers from brokers.
SIFMA criticizes White House for ignoring existing regulations while pushing for DOL fiduciary rule
Trade group releases report saying brokers 'thoroughly' regulated already with structure in place for 100 years.
