Displaying 1932 results
SEC’s Michael Piwowar slams Finra data-collection proposal
Republican Piwowar criticizes Finra's plan for a massive brokerage data collection mechanism, asking whether it's a "solution in search of a problem."
Regulators going postal over alleged price gouging
Regulators are steamed by B-Ds that mark up postage charges to clients. You can't blame them. In some cases, brokerages are socking customers up to $75 per transaction.
Firms pumping millions into their compliance departments to keep regulators at bay
Compliance specialists, like LPL's David Bergers, are being paid millions to help firms keep regulators at bay. But is the surge in investment in compliance worth it?
Senior Republican on Senate Banking Committee presses Finra on CARDS
Crapo tells Finra chief Ketchum system could jeopardize investor privacy, be used for government surveillance.
Finra pushes ahead with controversial data collection program
Industry groups organize to have a stronger voice in shaping the CARDS rule going forward.
Fraud does serious damage to investors – beyond monetary losses
A Finra survey points to health, marital and trust problems resulting from financial scams.
Prepping the advice business for cybersecurity laws, and vice versa
FSI sets sights on shaping any legislation dealing with data breaches and privacy to avoid 'one-size-fits-all.'
10 developments to watch in the independent broker-dealer industry in 2015
The hottest topics to keep tabs on in the independent broker-dealer space
Finra hawks fiduciary in its regulatory priorities for 2015
Finra's just-released regulatory and exam priorities for the new year include an unusual directive that brokers act in the best interests of clients regardless of current rules.
Ketchum: What this industry is missing when it comes to CARDS
Finra chief Richard Ketchum says industry groups like SIFMA are overlooking the investor protection benefit of Finra's controversial data-collection proposal.
WFG Investments facing $650,000 Finra ‘global fine’
Comes on heels of another $200,000 penalty last year for missing a stock-fraud scheme
Citigroup fined $15 million for analyst supervisory failures
Failing to supervise research analysts and their handling of material non-public information at issue, Finra says.
After hearing from member firms, Finra considers revising communications, gift rules
Broker-dealer regulator promises to modify rules after survey identifies 'pain points'.
SIFMA invokes fear of cyberterrorists in plea to fold CARDS
Major Wall Street interest group cites cost, regulatory creep and impact on civil liberties in attack on Finra's data-gathering proposal.
Key House Republicans bash SEC exam user fee idea
In a letter to SEC chairman Mary Jo White, two key House Republicans outline opposition to having RIA pay for SEC exams; tell her to reallocate resources to boost exam record
FSI warns of ‘false positives’ under CARDS
IBD organization expresses suitability concerns with regulator's proposed data-collection system and predicts cost of $250,000 to $1 million — with ongoing maintenance above that.
Finra expected to adopt CARDS despite vocal industry resistance
Opponents like SIFMA and FSI remain wary of the potential costs, customer data security, but Finra asserts that CARDS will help investors.
Commodity Futures Trading Commission teams up with SEC and Finra to combat investor fraud
Federal financial regulators collaborate on consumer website linking resources on advisers and investment products.
Client protection ruse needs to stop
Advisers should demand that industry organizations speaking for them don't let greed overshadow their true mission to help people live sound financial lives.
Finra survey shows investors want more regulatory protection
They're willing to pay a little extra for it, too.
