Displaying 1932 results
Graceland: Regulators offer extensions in wake of Sandy
Finra and SEC to provide grace period on certain filings for firms located in areas hit by massive storm
Finra opens arbitration system to RIAs
The Financial Industry Regulatory Authority Inc. has opened up its arbitration system to registered investment advisers. Until…
Finra expels firm for ‘brazen’ defiance of SEC
Finra has expelled a securities outfit for allegedly lying to — and defying — the SEC. One claim: the firm's CEO was barred from running the brokerage, but continued to do so anyway.
Finra’s ‘independent regulator’ label gets closer scrutiny during SRO debate
As the Financial Industry Regulatory Authority Inc. begins its sixth year of existence, the perception of its relationship to the market it oversees has taken on new importance. Its self-description as an “independent regulator” has drawn new scrutiny in recent months, after legislation that would establish one or more self-regulatory organizations for investment advisers was introduced in the House. Finra is lobbying fiercely on behalf of the bill and covets the role of the adviser SRO.
Finra expels ‘brazen’ firm
The Financial Industry Regulatory Authority Inc. last Thursday expelled investment firm EKN Financial Services Inc. for “numerous compliance…
Finra taking a closer look at sellers of nontraded REITs
Nontraded real estate investment trusts and potential shortcomings in how broker-dealers sell them are clearly in the cross…
Finra’s latest role garners scant attention
Although Finra's campaign to take on investment adviser oversight has fostered a huge debate, scant attention has been…
Merrill agrees to pay $500K for filing lapses
Bank of America Merrill Lynch has agreed to pay $500,000 to settle allegations that it failed to file…
Finra is right to improve transparency
Any initiative that reduces investors' vulnerability to fraud, and thereby strengthens their confidence in the markets, is a step in the right direction.
Finra executive Luparello stepping down next month
Finra vice chairman Stephen Luparello will be leaving next month to join the WilmerHale law firm in Washington,…
Time to promote BrokerCheck
NOW THAT FINRA HAS TAKEN the wraps off a new and improved version of its BrokerCheck database, it…
Finra’s Ketchum: We’re not going to post test scores
SRO's boss shoots down regulator's test balloon in speech
Fido’s marketing of ultrashort-bond fund ends in $375K settlement
Company agrees to pay sum to settle Finra charges it exaggerated credit quality of securities in fund
Ex-MSSB exec: I was fired for whistle-blowing
A former risk officer at Morgan Stanley Smith Barney LLC claims that he was fired for blowing the…
Finra may offer exemptions on controversial fee
Finra said it is considering an exemption for a controversial fee it charges for existing members that make material changes to their firms
Finra small-firm board candidates unload on SRO
Three candidates vying for an open small-firm seat on Finra's board give their views on changes they would like to see at the agency.
How to sell complex financial products in a hostile environment
Because many complex financial products have the potential for sudden and/or severe losses of principal, it is imperative that firms recommending these products document a thorough “reasonable basis” suitability analysis.
NASAA head bashes idea of SRO – in Finra’s backyard
A state securities regulator, speaking at a conference Tuesday, was not bashful about slamming proposed legislation — even…
Drip…drip…dr: Slow going on fiduciary duty, adviser oversight
For investment advisers and many brokers, the first two years of the Dodd-Frank financial reform law amounted to…
Finra issues warning on risks of ETNs
The Financial Industry Regulatory Authority Inc. issued an investor alert last week about the risks of exchange-traded notes,…
