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ICI pushes back on too-big-to-fail label for big fund firms
Breakfast with Benjamin: ICI resists 'Too Big to Fail' label for fund firms plus Crimea chooses Mother Russia and what that means for the markets. And guess what, the Fed is out of ammo, Pimco spins the Mohamed El-Erian departure while Mr. El-Erian opens a Twitter account.
Finra arb panel sends reps a message
Steep punitive damages awarded to a client show that reps will be forced to pay heavily for their misconduct
MSRB to follow Finra regarding suitability rules
The Municipal Securities Rulemaking Board last Monday asked for comments on proposed changes to its suitability rule that…
Bonus disclosure exposes divide
IBDs and wirehouses split on potential regulation to reveal recruiting packages
Finra advisory group could accelerate regulator’s move toward ‘best-interests’ regime
Bringing the investor's perspective to Finra's work will add momentum to its tendency to promote the best-interests standard for investment advice.
Finra fines two IBDs owned by Ladenburg Thalmann a total of $1.275M
Triad Advisors, Securities America failed to supervise reps who created and sent inaccurate consolidated account statements to clients, regulator says.
Individual advisers can be liable for money laundering, Finra warns
In some cases, the failure to supervise rests with the adviser, not the firm, senior director says.
Ex-Morgan Stanley adviser claims firm fired him for running for office
'Misunderstanding' led to termination, arbitrators say; former adviser wins a $525,000 award.
Careful: Corporate credit card charges can kill a career
Finra seeking to bar advisers even in small expense account error cases. Check out these 8 expense account blunders — from the wacky to the mundane
Finra nudging brokers toward a fiduciary standard?
Finra's report on how to avoid conflicts of interest seems to be pushing brokers toward the fiduciary standard already used by investment advisers. How far can it go?
Face it: Americans resent how well industry is paid
The financial services business is out of touch regarding the sensitive issue of compensation even as the American public remains angry at Wall Street bankers for the credit crisis. Bruce Kelly explains.
Finra comes in from out of the cold
The snowstorm that walloped most of the East Coast last week did not deter Finra's board from meeting in New York and moving on important investor issues.
Finra unveils new BrokerCheck
The Financial Industry Regulatory Authority Inc. on Tuesday officially unveiled its new, streamlined version of BrokerCheck, the database that keeps track of the work history and disciplinary records of current and former registered reps and member broker-dealers.
Defunct WJB Capital and two execs hid company’s financial distress for years, Finra says
WJB Capital Group Inc. and two of its top executives settled allegations that it masked the firm's financial difficulties and traded securities without sufficient capital during the two years before it shuttered its doors in January.
Reps react to Finra’s proposed rule changes on nontraded REIT costs
Some optimistic, others skeptical about plan to scrap the automatic per-share value of $10.
Finra booted 16 rogue brokers this year, targeted 26 more for ‘action’
High Risk Broker initiative led to "concentrated effort" and "material results," Finra CEO wrote in letter to Sen. Edward Markey, D-Mass.
Regulators train a close eye on alternatives
The SEC and Finra are getting tough on broker-dealers, putting intense focus on those recommending and selling alternative investments, including nontraded REITs. Don't Miss: Our full look at the SEC's 2014 priorities
Finra cautions investors to be careful with IRA rollovers, notes that adviser fees can hurt returns
Don't move funds based solely on the word 'free,' regulator says.
Finra keeping pressure on complex products in 2014
Annual list of priorities has old favorites as well as some new areas of concern.
Finra going after rogue brokers
In its annual letter to broker-dealers listing its examination priorities, Finra included many areas on which it has…
